The stock market took an unpredictable turn on Monday, finishing with a mix of gains and losses as investors braced themselves for a pivotal week ahead. The Dow experienced a 1% decline, while the S&P 500 and NASDAQ eked out minor gains. What's driving this choppy trading? The answer lies in the eagerly awaited decisions of the Federal Reserve and the earnings reports from several mega-cap technology companies.
Investors flocked back to the tech behemoths that had triggered a sell-off earlier in the week, propelling Wall Street's major indexes to a higher close on Friday. The Dow Jones Industrial Average surged more than 1.6%, while both the S&P 500 and NASDAQ ended just above 1%. Amid this resurgence, five of the so-called Magnificent Seven stocks rose, with Meta Platforms leading the pack with a gain of over 22%. However, Tesla and Alphabet, whose lackluster earnings had sparked Wednesday's market rout, remained the outliers.
Millennials, often scapegoated for the decline of cable television, landline phones, and department stores, are now fueling a surprising revival in an ancient industry: gold. Yes, the yellow metal that dates back to ancient Egypt is experiencing a significant bounce, with millennials holding the largest allocation to gold in their investment portfolios.
The stock market took a stunning nosedive on Wednesday, with the S&P 500 and NASDAQ experiencing their largest single-day losses in nearly two years. The decline was led by the same big Tech names that had fueled the market's rally this year. The Dow lost a whopping 1.9%, the S&P 500 plunged 2.3%, and the tech-heavy NASDAQ nosedived more than 3.6%. What's behind this dramatic shift, and what does it mean for investors and the future of technology?
The US stock market experienced a significant downturn on Friday, extending its slump as a global technical outage caused by a software glitch added uncertainty to an already anxious market. This worldwide tech outage disrupted operations across multiple industries, including airlines, banking, and healthcare. But what does this all mean for investors, and what can we expect in the coming weeks?