News Formal

Stock market today: Tech stocks smoked, Nvidia tumbles 9% to cap worst week of the year

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 20 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 63%

Nasdaq Composite Nouvelles

Interest Rate,Sixth Consecutive

A measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.

Wall Street retreated on Friday as dimming hopes for a coming interest rate cut and geopolitical uncertainty intensified a sell off in Big Tech. The S&P 500 fell about 0.9%, notching its sixth consecutive losing day, and suffering its worst losing streak since October 2022. The benchmark index lost more than 3% for the week. The tech-heavy Nasdaq Composite slid 2.3%, falling more than 5% for the week. The Dow Jones Industrial Average managed to rise about 0.5%.

The market had come back from a deeper sell-off after Israel's retaliatory strike on Iran spooked traders overnight and spurred a rush to safe havens such as gold. But investors are still on high alert, though Iran has confirmed the drone attack and said it failed. Stocks were already under pressure before the shock amid persistent uncertainty about Federal Reserve interest rate cuts.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 47. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Stock market today: Tech leads stock slide, Nvidia falls almost 4%Investors have put rate-cut worries on the backburner to focus on earnings season instead.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stock futures pop as Wall Street looks to continue record-setting runA bullish mood is prevailing on Wall Street.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: 'Magnificent 7' power stock surge after CPI-fueled sell-offInvestors were bracing for a wholesale inflation print, after a surprise uptick in CPI shook markets and undermined bets on interest-rate cuts.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »

Stock market today: Stocks dig out of Israel strike-fueled tumbleA measure of calm was returning after Israel's retaliatory strike on Iran spooked the market and spurred a rush to safe havens such as gold.
La source: YahooFinanceCA - 🏆 47. / 63 Lire la suite »