Record High $2 Trillion Sideline Cash Affects Premier Tech Stocks

Thursday, 11 July 2024, 22:04

The Magnificent Seven (Amazon, Apple, Alphabet, Nvidia, Meta Platforms, Microsoft, Tesla) faced a tough day as Tesla's win streak ended due to robotaxi delay. Retail investor cash hit $2 trillion record high. Get insights from market expert Jared Blikre on July 11 trends.

Yahoo Finance — Record High $2 Trillion Sideline Cash Affects Premier Tech Stocks

Overview:

The Mag 7 tech stocks faced a challenging day as Tesla's winning streak ended.

Key Points:

Tesla: Ended 11-day win streak due to robotaxi unveiling date delay.
Retail Investors: Record $2 trillion cash on sidelines.

Market expert Jared Blikre provides insights on July 11 market trends.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.

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