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Positive Market Sentiment Nudges Risk Assets Higher, Gold Slips Lower

June 17, 2024

Via: DailyFX

The technology sector in the United States continues its upward momentum, propelled by the persistent demand for the Mag 7 stocks. The Nasdaq 100 index is nearing the significant 20,000 level. The top three corporations in the Nasdaq – Nvidia, Microsoft, and Apple – collectively account for nearly 26% of the index’s total market capitalization. This figure underscores the substantial concentration risk posed by these Mag 7 stocks within the index.

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