US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
Here's How Much $1000 Invested In PDD Holdings 5 Years Ago Would Be Worth Today
PDD Holdings (NASDAQ:PDD) has outperformed the market over the past 5 years by 31.54% on an annualized basis producing an average annual return of 44.4%. Currently, PDD Holdings has a market
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Western Alliance Posts Upbeat Earnings, Joins Abacus Life, SLB And Other Big Stocks Moving Higher On Friday
U.S. stocks were lower, with the Dow Jones index falling around 250 points on Friday.Shares of Western Alliance Bancorporation (NYSE:WAL) rose sharply during Friday's session following upbeat
Barclays Maintains Overweight on JD.com, Lowers Price Target to $40
Barclays analyst Gregory Zhao maintains JD.com (NASDAQ:JD) with a Overweight and lowers the price target from $41 to $40.
JD.com Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 07/16/2024 47.71% Barclays $41 → $40 Maintains Overweight 06/21/2024 14.48% Loop Capital $35 → $31