Don’t Panic Over Market Plunge — Fed May Cut Rates Sooner
Markets cratered around the world Monday. Japan’s Nikkei fell more than ever — down 12.4% while “benchmark indexes in South Korea and Taiwan were both down more than 8%,” noted the Wall Street Journal. The S&P 500 opened down “about 4% Monday, with the Nasdaq falling a larger 6%,” the Journal reported.
Unless you are feeling adventurous — in which case now could be a good time to buy companies on your shopping list at a lower price — just hold on.
Reason to Panic? The Global Stock Market Plunge, Explained
A global market meltdown continued Monday as the Dow Jones Industrial Average dropped by 1,000 points before recovering slightly on fears the U.S. economy was weakening and a series of other concerns combined to throw investors worldwide into a panic.
What Happened?
Recession Is Not Inevitable, Despite Stock Market Slump
It's OK to calm down about the economy. Yes, Friday's unemployment news was bad. Yes, the NASDAQ and Dow Jones neared correction territory on Friday morning. And yes, the Sahm Rule Recession Indicator has now been triggered. Odds are, though, a recession is not imminent.
Japan’s Nikkei Suffers Worst Day Since 1987, Hit by U.S. Concerns
Japan’s Nikkei Stock Average had its worst day since 1987, falling 12.4% in a frenzy of selling triggered by disappointing economic data in the U.S. and a surge in the Japanese yen.
Other Asian markets also fell, with benchmark indexes in South Korea and Taiwan both down more than 8%. S&P 500 futures fell by more than 2% in Asia as U.S. markets prepared to open the week.
Big Tech Selloff Slams Nasdaq With Worst Day Since 2022
A stock-market selloff intensified Wednesday, wiping out hundreds of billions of dollars in value from the Magnificent Seven group of tech giants and pushing the Nasdaq Composite to its first decline of 3% or more in 400 trading days.
US stocks see biggest drop in two years on tech selloff
US stock markets plunged on Wednesday, recording their worst losses since 2022, after investors sold off shares in struggling tech companies.
The Nasdaq index fell by 3.6%, the S&P 500 dropped 2.3%, and the Dow Jones Industrial average slid 1.2%.
“Signs of nervousness around tech stocks began to creep up in recent weeks,” reported Reuters, pointing to Wall Street’s “vulnerability to any weakness in the Big Tech trade...
SPACs are in a slump but this Aerospace-focused company sees an opportunity
Experts agree the IPO market is heating up but one segment of it is being left in the cold: Special Purpose Acquisition Companies of SPACs, which are publicly-traded shell companies with a mandate to acquire a private firm. SPACs provide a back door of sorts to the public markets and, while they were wildly popular in 2021, the model is now languishing as SPACs accounted for only 6.3% of the $8.4 billion raised by IPOs in the first quarter of 2024. A Q1 2024 Quarterly Review also shows SPACs in...
Dow tumbles 475 points, S&P 500 suffers worst day since January as inflation woes erupt
Stocks sold off Friday as inflation and geopolitical worries once again dented investor sentiment on Wall Street. A broad decline in major bank shares also weighed on the market. The Dow Jones Industrial Average slid 475.84 points, or 1.24%, closing at 37,983.24. The S&P 500 tumbled 1.46% at 5,123.41. The Nasdaq Composite pulled back by 1.62% at 16,175.09. At one point in the trading session, the Dow was down by nearly 582 points, or 1.51%. The S&P 500 slid as much as 1.75%. Week to date, the broad market index...
Nasdaq-100 futures rise after Netflix posts subscriber jump: Live updates
Futures tied to the technology-heavy Nasdaq-100 climbed Wednesday after Netflix reported its subscriber count reached a new record in the fourth quarter.
Nasdaq 100 futures rose 0.6%, while S&P 500 futures gained 0.4%. Dow Jones Industrial Average futures advanced 87 points, or 0.2%.