The Dow Jones and S&P 500 hit new highs and the Nasdaq topped key levels as growth led the day 2 reaction to Fed rate cuts.
However, Powell tried to allay such fears, and said, “I don’t see anything in the economy right now that suggests that the likelihood of a recession, sorry, of a downturn, is elevated.” He also ...
From a valuation perspective, IREN trades at 13.08 times forward earnings, which is significantly lower than the tech sector median of 23.8. This relatively discounted valuation presents an ...