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Wall Street Set For Weak Opening As Tech Rally Falters With Micron, Nvidia Edging Lower: Analyst Says Narrow Market Performance To Persists Unless One Of These Materializes

Benzinga ·  Jun 27 19:31

The two-day rally the broader market witnessed could stall, as traders choose to remain cautious ahead of a string of economic catalysts. The negative reaction toMicron Technology, Inc.'s (NASDAQ:MU) earnings could generate weakness in the tech space. AI stalwartNvidia Corp.'s(NASDAQ:NVDA) two-day rally is cooling off following its annual shareholder meeting. Bond yields have ticked up, with the 10-year-old Treasury yield holding above the 4.3% mark.

Traders may bide their time amid the fluid situation in a bid to see off late Thursday's presidential debate and Federal Reserve's preferred inflation...

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