Stocks Dip on Rotation Trade, Yen Resumes Rally: Markets Wrap

-- Asian stocks were primed for muted moves Friday following further falls on Wall Street as investors showed appetite for the rotation trade away from large technology companies.Equity futures for Japan were slightly lower while those for Australia and Hong Kong inched higher. The S&P 500 fell 0.5% Thursday while the Nasdaq 100 dropped 1.1% as tech giants including Nvidia Corp and Microsoft Corp slumped.

In Asia, the yen resumed a rally against the greenback Friday but remained off its intra-day highs from the prior session. The US economy is much stronger than people realize and to the extent that markets were worried about a growth slowdown, they should breathe a sigh of relief after the GDP number, according to Chris Zaccarelli at Independent Advisor Alliance.

Artemis Gold Inc. announces the wildfire evacuation order previously announced on July 22, 2024 has been lifted. The Company plans to immediately commence the staged return of employees and contractors to site over the coming days. Camp operations and services have been maintained and accordingly ramp-up to full construction capacity is expected to be expeditious.

SALT LAKE CITY — Utah’s Supreme Court overturned a death sentence Thursday for a man convicted of murdering a woman to stop her from testifying against him in a rape case. The 2024 Jasper Fire is a grim reminder of the urgency of adopting a Canadian national wildfire strategy

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