The drop in US stocks on Thursday, despite a positive forecast from Nvidia, suggests that the market rally is exhausted and further declines are expected, according to Morgan Stanley's Michael Wilson.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
U.S. stocks fell as oil prices reached a 10-month high, raising concerns about inflation and its impact on the economy; tech mega caps stumbled, leading to losses in the Nasdaq, S&P 500, and Dow Jones Industrial Average.
US stocks fell on Friday, with the S&P 500 down 0.9%, Dow Jones down 0.5%, and Nasdaq down 1.4%, as concerns about giving up the week's gains outweighed China's improved economic performance, a historic strike by the United Auto Workers, and positive signs of resilience in the US consumer and inflation pressures that make a case for more Fed rate hikes.
U.S. stocks slumped after the Federal Reserve indicated that it may not cut interest rates next year as much as initially expected, causing concerns among investors on Wall Street.
U.S. stocks are set for hefty weekly drops following the Federal Reserve's hawkish stance, while the Bank of Japan maintains its accommodative monetary policy, causing the yen to fall; Microsoft's acquisition of Activision Blizzard could receive U.K. approval; an expansion of the UAW strike is imminent; and oil prices rebound after Russia's export ban.
US small-cap and industrial stocks are dropping, typically signaling a recession, but some investors are dismissing the moves as noise for now, with hope for stocks coming in the form of anticipated earnings season and the Federal Reserve's forecast of stronger economic growth.
Despite optimistic earnings predictions, the current market math suggests that stock prices are likely to drop substantially due to high price-to-earnings ratios and rising interest rates.
The U.S. stock market has experienced a decline due to conflicting economic news and a surge in bond yields, which may be driven by factors other than data, such as fiscal deficits and central bank policies.
US stocks fell as investors worried about the impact of higher interest rates, with the Dow down nearly 1.5% and the S&P 500 and Nasdaq indexes also dropping. Concerns about the Federal Reserve's policy and its effect on the housing market and potential recession led to the market decline.
Renowned fund manager Jeremy Grantham predicts that the stock market could drop by 50% and advises investors to avoid U.S. stocks, instead focusing on high-quality stocks that have historically outperformed the overall market and demonstrated resilience during downturns.
US stocks fall as fears of war in the Middle East and hopes for stronger profits at big US companies collide in financial markets; oil prices rise and Treasury yields fall, creating uncertainty in the market.