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U.S. stocks closed: Pessimism clouds the market, with all three major Indexes falling over 1%. The S&P has entered a correction Range.
① All three major indices fell over 1%, with the S&P 500 Index entering the correction Range; ② Large Technology stocks all fell, with Apple down over 3%; ③ Intel surged against the trend by 14.60%; ④ Apple is reportedly planning to launch a real-time translation feature for AirPods, possibly with iOS 19.
The trade turmoil caused by Trump is reshaping the investment logic of the US stock market: Wall Street's belief in "buying the dip" is shaken!
After a brief rebound in US stocks on Wednesday, they fell again on Thursday, with the Nasdaq dropping more than 2.3% during intraday trading. The market is gradually abandoning the "Buy on Dips" strategy and shifting to a wait-and-see approach, as the uncertainty brought by Trump's trade war is weakening investor confidence. Bloomberg strategist Tanvir Sandhu warned: "No one can accurately predict the market bottom; caution is required when bottom-fishing."
Here's How Often S&P 500 Corrections Turn Into Bear Markets
The US stock market is in a dark situation: the U.S. Secretary of Commerce talks about recession again, while the Treasury Secretary says not to care about "small market fluctuations."
After just one stable day in the US stock market, it weakened again on Thursday under the impact of the Trump administration; President Trump, Commerce Secretary Ross, and Treasury Secretary Mnuchin repeatedly made statements that affected market sentiment.
Trump Threatens 200% Tariffs on EU Alcohol as Trade War Ramps Up
US Morning News Call | U.S. Deficit Hits Record $1.15 Trillion in Five Months
