When multiple mutual fund schemes invest in a specific stock, it typically boosts investor confidence in that stock. As of June 2024, over 100 mutual fund schemes held stakes in 150 stocks.
US stocks closed lower after hotter-than-expected inflation data strengthened expectations of a December Federal Reserve rate hike and raised the possibility of more aggressive tightening.
Wells Fargo upgraded its outlook on US AI infrastructure stocks to neutral from negative, citing improved valuations after a steep semiconductor sell-off. However, it warned
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