Tech stocks slump amid weak economic data – NVDA loses $246 bil as market shows signs of exhaustion

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 21 sec. here
  • 6 min. at publisher
  • 📊 Quality Score:
  • News: 26%
  • Publisher: 72%

Equities Nieuws

Bonds,Commodities,Macroeconomics

Eco data unexpectedly weakens. Supports the rate cut narrative.

Tech gets slapped, NVDA loses $246 billion of value. Bonds hold, oil rises, gold surges. S&P rebalance & Triple Witching – But don’t expect any disasters. Try the One Pan Thighs. The theme on Thursday was Exhaustion. Exhaustion is defined as ‘a state of extreme physical or mental fatigue’. But before we go there, let’s make sure to discuss how the S&P breached another century mark before it pulled back….that is the 8thcentury mark since January 1st, 2024….

just another example. The FED while softening a bit, remains committed to the trade – holding rates here for longer than many thought possible…as they try to kill the inflation monster – which Neely Kashkari told us yesterday- most likely will take another year or two! Just a note – the FED held rates at zero for 14 yrs. – ….they only started to raise rates in March 2022 – and didn’t hit 5% until May 2023….

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

 /  🏆 14. in NL
 

Bedankt voor uw reactie. Uw reactie wordt na beoordeling gepubliceerd.

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Nvidia Q1 earnings push NVDA stock to new all-time highNvidia (NVDA) earnings were a smash hit once again when they arrived after Wednesday's market close.
Bron: FXStreetNews - 🏆 14. / 72 Lees verder »

20 Non-Tech Companies Making Waves With Innovative Tech InitiativesSuccessful CIOs, CTOs & executives from Forbes Technology Council offer firsthand insights on tech & business.
Bron: ForbesTech - 🏆 318. / 59 Lees verder »