Nasdaq in correction as equity selloff deepens
==========
The Nasdaq Composite index falls 2.4% after a softer-than-expected jobs report; Nasdaq is now 10% below its record high, confirming it is in correction territory; Disappointing earnings from Amazon and Intel also spook investors; The index has slipped into correction territory 24 times in the past 44 years; September and October tend to be volatile months for US shares; Investors are turning wary of highly valued tech stocks; The focus of the market is shifting from earnings to the overall economy; Surging bond prices and falling yields indicate a slowing global economy.
#Tech #Selloff #Nasdaq #Correction
https://www.thestar.com.my/business/business-news/2024/08/05/nasdaq-in-correction-as-equity-selloff-deepens
The Star Online /
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2024-08-05 00:18:13
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wss://relay.primal.netPublished at
2024-08-05 00:18:13Event JSON
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"content": "Nasdaq in correction as equity selloff deepens\n==========\n\nThe Nasdaq Composite index falls 2.4% after a softer-than-expected jobs report; Nasdaq is now 10% below its record high, confirming it is in correction territory; Disappointing earnings from Amazon and Intel also spook investors; The index has slipped into correction territory 24 times in the past 44 years; September and October tend to be volatile months for US shares; Investors are turning wary of highly valued tech stocks; The focus of the market is shifting from earnings to the overall economy; Surging bond prices and falling yields indicate a slowing global economy.\n\n#Tech #Selloff #Nasdaq #Correction\n\nhttps://www.thestar.com.my/business/business-news/2024/08/05/nasdaq-in-correction-as-equity-selloff-deepens",
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