The benchmark S&P 500 and Nasdaq hovered near two-week lows on Wednesday as investors factored in escalating geopolitical tensions in the Middle East, while a survey eased concerns about a sharp slowdown in the US labor market. The Dow Jones Industrial Average also slipped for the second day running.
Since hitting a record back in July and then selling off, shares of tech titan Microsoft Corp. NASDAQ: MSFT have been a bit slower than others in getting back to highs. For context, the benchmark S&P 500 index was hitting fresh highs by the middle of September and, as recently as Monday, was closing at a new record.
Microsoft said in a statement on Wednesday it would invest 4.3 billion euros ($4.75 billion) over the next two years to strengthen artificial intelligence (AI) infrastructure and cloud capacity in Italy.
With three months left until the end of 2024, it has been a good one for Apple (NASDAQ: AAPL) stock, which recorded a new all-time high (ATH) in July and nearly reached it again a couple of days ago, and with some analysts expecting it to hit a market capitalization of $4 trillion next year.
Retail investors can make a bet or take on an opposing view with increased odds of success whenever a market gets too crowded on the long or short side. Like the 2008 financial crisis, when everyone bet in favor of housing only to find out they all had to run for the exit all at once, only a few investors could spot this unfair advantage opportunity.
StocksGuide is the ultimate tool for easily finding, analyzing and tracking stocks. Learn from successful investors and make informed investment decisions. We empower you to become a confident, independent investor.