Industrial is starting to look overbought as it hits new 52-week high
CNBC • • business
Key Points:
- The S&P 500 and Dow declined on Tuesday following record highs, as investors processed JPMorgan's earnings and a slightly lower-than-expected December inflation report, amid ongoing concerns including a DOJ probe into Fed Chair Jerome Powell.
- President Trump announced a 25% tariff on any country doing business with Iran, potentially impacting multinational companies, especially given China's significant crude imports from Iran.
- Microsoft unveiled a five-point plan to mitigate the costs of powering AI data centers, focusing on water replenishment, tax base expansion, job creation, AI training, and transparency, though its shares fell over 1% amid broader weakness in major tech stocks.
- Boeing shares reached a 52-week intraday high after outselling Airbus in 202
