So currently a palm oil move indicates there should be some momentum. I would be a little wary of this momentum trade on FMCG so we should avoid these stocks. The only FMCG stock which is coming up on our radar is Emami Ltd. which has broken out and is still holding on.
US stocks today: Nasdaq, S&P 500 end lower on renewed AI growth worries ahead of big tech earnings
U.S. stocks retreated from record highs as concerns over the AI boom and OpenAI’s performance weighed on tech shares. Investors are anticipating quarterly results from