Stock Market

Stocks fell on Thursday due to new tariff threats from President Donald Trump, causing market correction. Concerns over trade policies and inflation data affecting investor sentiment. Cruise stocks declined, but Barclays analyst called fears 'overdone.' Wolfe Research advised against buying cryptocurrencies. Boeing undervalued, gold near record high. Market volatility led to declines in S&P 500 and Nasdaq. Proposed ceasefire in Ukraine rejected. Houlihan Lokey upgraded, American Eagle Outfitters downgraded. Asia-Pacific markets fell after U.S. inflation report. Dan Niles believes tech stocks affected by revenue growth concerns. Unwinding of investor positioning also impacting markets.

Stock Market Performance in 2024

The S&P 500 is expected to close 2024 with a gain of nearly 27%, driven by the artificial-intelligence business. While the economy is still growing, there are concerns about the stock market being too expensive and overdue for a correction.

Stock Market Downturn and Middle East Tensions

Rep. Ami Bera discusses the recent downturn in the stock market and attributes it to a market correction after years of growth. He also mentions rising tensions in the Middle East as a contributing factor.

Tech Stock Market Correction

The Nasdaq 100 Index fell over 10% in just over three weeks, wiping out more than $2 trillion in value, with tech stocks like Nvidia, Tesla, Microsoft, and Amazon leading the decline. Traders are unwinding bets on tech as the market rotates towards more defensive sectors.