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Tech Stocks saw a boost in midday trading following the Federal Reserve’s rate cut decision. Companies like Tesla, Meta, Nvidia, and ASML all saw gains of over 5%. Edgewise Therapeutics surged over 54% after positive trial data for a heart disease treatment. Mobileye Global also jumped more than 16%. Coursera received a buy rating from Bank of America, leading to an 8% increase. Darden Restaurants rose over 8% after announcing a partnership with Uber for delivery services. Progyny shares dropped more than 30% due to losing a significant client. DoorDash saw a 4% increase after an upgrade to buy from neutral. NextEra Energy Partners rose over 3% with a buy rating from Jefferies. Crypto Stocks also climbed following Bitcoin’s increase. Five Below lost nearly 3% after a downgrade from JPMorgan. Alibaba shares rose almost 4% after launching new AI models and technology tools.
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Emily Jensen, graduated from the London School of Economics and Political Science (LSE) in the UK in 2015 with a degree in Economics. She specializes in financial markets and international trade. After graduating, she worked as an analyst at an investment bank in London, where she developed expertise in global economic trends. She later transitioned into consulting, focusing on fintech ventures and providing insights into global economic developments. Emily is passionate about the intersection of finance and technology and aims to drive innovation in the financial sector.
