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via finance.yahoo.comMarkets

Citi cuts US and tech to neutral, turns bullish on Europe

FROM THE WIRE · FINANCE.YAHOO.COM

Investing.com -- Citi tactically downgraded U.S. equities, global tech and European tech to Neutral from Overweight, citing the risk that investor positioning could fall further. The bank upgraded European stocks outside the U.K. to Overweight. Still guessing which stocks will…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishA major bank's downgrade of US and tech equities may weigh on the Nasdaq in the short term.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Citi downgraded US equities, global tech and European tech to Neutral from Overweight.
  2. 02The bank upgraded European stocks outside the UK to Overweight.
  3. 03Citi says global equities have tumbled in recent days.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
NASDAQ CompositeINDEX:IXICIndex24,579.42Market closedtoday +1.09%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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