"The markets are retreating in early morning trading after last week's record run, with tech stocks pushing the Nasdaq Composite to fresh all-time intraday highs last week."
"Over the weekend, the U.S. and Iran ceasefire agreement hit a snag, resulting in the subsequent closure of the Strait of Hormuz, sending oil prices rising."
"Stifel hiked its AMD price target by roughly 14%, moving from $280 to $320, while reaffirming its Buy rating on the chipmaker."
"Adobe is launching a fleet of AI agents designed to automate digital marketing for enterprise clients while locking in partnerships with more than 30 of the most powerful names in tech."
The markets are experiencing a retreat following last week's record highs, particularly in tech stocks. A ceasefire agreement between the U.S. and Iran has faltered, leading to increased oil prices. Big Tech stocks are generally under pressure, although Apple has seen a rise. The Dow Jones, Nasdaq Composite, and S&P 500 are all down slightly. AMD's price target has been raised, and Adobe is launching AI agents for digital marketing. SanDisk has joined the Nasdaq 100, replacing Atlassian, and significant Bitcoin purchases were made last week.
Read at 24/7 Wall St.
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