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TSLA, MU are overbought and could be due for a pullback

Pelican Press

By Pelican Press,
in World News

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The stock market’s run to fresh all-time highs this week has left some individual names in overbought territory, putting them at risk of a pullback. The S & P 500 reached a record of 6,600.21 after an uptick in unemployment claims and a surprise decline in wholesale prices solidified expectations for at least a quarter percentage point rate reduction from the Federal Reserve next week.

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