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Market Overview: Stocks experienced significant declines as investors rotated out of AI stocks, with Oracle's disappointing performance seen as a critical factor. The NASDAQ fell 1.69%, while the Dow and S&P 500 also closed lower.
Treasury Yields and Energy Prices: Mixed trading was observed in Treasury yields, with a steeper curve following the Fed's rate cut. Energy prices dropped due to concerns over supply surplus and rising yields, with Brent Crude and WTI both declining.
Gold and Cryptocurrency Trends: Gold prices rose, driven by expectations of future Fed rate cuts and geopolitical risks, while Bitcoin rebounded above $92,000 before retreating over the weekend, reflecting mixed market signals.
Analyst Upgrades and Downgrades: Several companies received notable upgrades and downgrades from analysts, including Ashland Inc. and Bristol-Myers Squibb, indicating shifting market sentiments and investment opportunities.
