Aci Worldwide Inc Ranked Among Today’s Top Buys

today aci worldwide buys selloff
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Aci Worldwide Inc Ranked Among Today’s Top Buys

getty As sharp as the selloff was yesterday, it appears market participants are using the pullback as a buying opportunity today. The Dow was up 1.25%, the S&P 500 climbed 0.8%, and the Nasdaq put up a gain of just under 0.4%. Yesterday’s selloff was largely due to concerns over the Delta variant of Covid-19 spreading more intensely than estimated and affecting economic growth, but today those appear to be abated. It wasn’t far from all-time highs regardless, as after the selloff yesterday the S&P 500 was still only a mere 3.1% below the prior peak. One thing to keep an eye on is that 10-year Treasury yield, which dropped to below 1.14% on Monday, a 5-month low. That is signaling slower global growth despite economies reopening with vaccination drives. Bitcoin and crypto was also in the news, as the cryptocurrency fell below $30,000 overnight. This may not affect overall sentiment by itself, but a selloff in speculative assets could signal more trouble ahead. That being said, a lower discount rate would also help long-term assets, and fiscal and monetary stimulus aren’t slowing anytime soon. The deep learning algorithms at Q.ai have crunched the data to give you a