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Dow Jones Futures Fall Amid Evergrande Fears, China Cryptocurrency Ban; Salesforce Leads 17 Stocks Flashing Buys

The market rally took a big step as the S&P 500 regained its 50-day while Salesforce led stocks breaking out. Read More...

Reuters

ARK’s Cathie Wood says Wall Street not in a bubble

Star stock picker Cathie Wood, head of ARK Invest, on Wednesday said she believed the U.S. stock market is not overvalued, and she talked up Tesla, her largest holding. “We are not in a bubble, that I know,” Wood said, speaking virtually at a Morningstar investment conference. “But I do believe the market is beginning to understand how profound some of these platform opportunities are, and how sustained and rapid the growth rates are going to be,” Wood said, referring to Tesla and other companies leveraging artificial intelligence and other emerging technologies.

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