Hidden Rallies Emerge From Tech Selloff: Market Analysis
Anna Edwards, Guy Johnson, and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
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Anna Edwards, Guy Johnson, and Paul Dobson break down today's key themes for analysts and investors on "Bloomberg: The Opening Trade." (Source: Bloomberg)
South Korea has transformed from this yearโs hottest major market into the worldโs cheapest following a brutal tech selloff, with valuations falling to roughly half of Indonesiaโs.
On this episode of Stock Movers: - CoreWeave (CRWV) shares are moving as it remains at the center of the tech selloff this week. Shares in CoreWeave plunged 20% in the first three sessions of the week as its debt tumbled to levels that typically indicate distress. By Thursday morning, investors were pricing a more than 60% chance of a default within five years. - Apollo Global Management (APO) shares are responding to a price target downgrade from Morgan Stanley. - JB Hunt (JBHT) is lower as it aims to improve margins by raising prices after rising costs weighed on third-quarter profitability. (Source: Bloomberg)