Stocks tumble as market leaders turn losers

SINGAPORE - Chip shares dragged Asian indexes lower on Wednesday and European futures fell after growth concerns drove the steepest selloff in a month on Wall Street and investors wiped $279 billion from the value of market darling chipmaker Nvidia (NASDAQ:

"The next few months will probably see the bottom of earnings and for investors, in the next few months is where you deploy into a lot of those opportunities.""Hong Kong is pretty weak, so whenever we see a negative signal like that from the U.S., Hong Kong will be performing even worse. "When you look at Nvidia as a market leader, it's not holding up despite very strong profits. There's an old saying - if the troops can't follow the generals it's a warning sign ... if the Nvidias and Apples and Microsofts cannot hold up the market, that's it we're in a bear market.""What I expect is that we’ll see a continued rotation away from technology stocks leading the way to broader leadership.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Four bull stocks and two bear stocks according to Bank of America strategistsFour bull stocks and two bear stocks according to Bank of America strategists
Source: Investingcom - 🏆 450. / 53 Read more »

Stocks making the biggest moves midday: Sweetgreen, Doximity, E.l.f. Beauty and moreThese are the stocks posting the largest moves in midday trading.
Source: CNBC - 🏆 12. / 72 Read more »

Wells Fargo says buy stocks, not the stock market now. Here's its bargain listWatch these stocks as Wall Street tries to regain ground from a global sell-off.
Source: CNBC - 🏆 12. / 72 Read more »

Breaking down the bull vs. bear case for chip stocksBreaking down the bull vs. bear case for chip stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Bank of America's stocks to help you sleep at night after wild weekThe Wall Street bank is offering up some stocks to help investors sleep soundly during bouts of market volatility.
Source: CNBC - 🏆 12. / 72 Read more »

Did a Turbulent Week for Stocks Guarantee Interest Rate Cuts?See multiple perspectives from Fox Business, CNBC, and New York Times (News) at AllSides.com.
Source: AllSidesNow - 🏆 572. / 51 Read more »