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

Equities News

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

Eco data unexpectedly weakens. Supports the rate cut narrative.

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

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….

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

FXStreetNews /  🏆 14. in ZA
 

South Africa South Africa Latest News, South Africa South Africa Headlines

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

Nvidia Q1 earnings push NVDA stock to new all-time highNvidia 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.
Read more »

20 Non-Tech Companies Making Waves With Innovative Tech Initiatives20 Non-Tech Companies Making Waves With Innovative Tech InitiativesSuccessful CIOs, CTOs & executives from Forbes Technology Council offer firsthand insights on tech & business.
Read more »



Render Time: 2025-01-14 03:09:47