Stock Market Volatility

The S&P 500 dropped and headed for its worst week since March 2023 as investors worry about weak August jobs report. Megacap tech stocks tumbled, and the Fed may cut rates more aggressively. International equities are recommended for diversifying portfolios. The Federal Reserve is likely to lower interest rates by 25 basis points. Information technology and energy sectors declined significantly. Stocks like Broadcom and Nvidia faced substantial losses. Stock markets are on track for their worst week since early 2023.

Ukrainian Drone Attacks Impacting Russian Oil Industry

Ukrainian drone attacks on Russian oil hubs and refineries are impacting President Vladimir Putin's oil industry, leading to a decrease in gasoline production and increased imports from Belarus. The attacks are causing disruptions in Russia's energy sector, which is vital for the country's economy and war funding in Ukraine.