Disappointing earnings reports from tech giants triggered panic selling, causing$S&P 500 Index (.SPX.US)$and$Nasdaq Composite Index (.IXIC.US)$to experience their steepest drops in a year and a half. The S&P 500fell 2.3%, dipping below its 50-day moving average for the first time since May 3, ending its longest streak without a single-day drop of over 2% since 2007. The Nasdaqplummeted 3.6%, marking the largest single-day decline since late 2022.$Dow Jones Industrial Average (.DJI.US)$dropped 500 points, and$Russell 2000 Index (.RUT.US)$fell by 2.1%. Cooling AI hype led to a $1 trillion loss in the Nasdaq 100 market cap.
$Tesla (TSLA.US)$dropped 12%, marking its biggest single-day decline since September 2020.$Alphabet-A (GOOGL.US)$fell 5%, its worst performance in six months. The semiconductor indexfell 5.4%, with$NVIDIA (NVDA.US)$and$Broadcom (AVGO.US)$bothdropping around 7%. Chinese stocks listed in the U.S.fell nearly 2%. The VIX fear indexsurged 22%to a three-month high.
A former top Federal Reserve official called for an interest rate cut next week, causing the yield curve to steepen rapidly. The 2-year Treasury yieldfell 8 basis pointsto a five-month low.
Rate hike expectations pushed the yen to a two-month high. On its second day, the Ether ETF saw a 24-hourdrop of around 4%, while Bitcoin and other cryptocurrencies remained relatively stable.
Ultratech : 85 billion by Google is no disappointment.
stop trying to make professional looking reports. it's annoying when dumb ppl try to act smart
BuyHighSellLow的韭菜 : Elon Musk fault
LELT : Google disappointing or article delusional
103185625 : Google's performance is actually better than expected, simply dragged down by the big market
Prosperity8888 : This is normal. Tech stocks has been hitting highs this year. The drop is just a natural cycle for stocks. It will recover
102327823 : Google report better than expected. Market still falling.
102327823 : IBM good result.
Money Thrill Ultratech :