Options Market Statistics: Nasdaq Suffers Worst Day Since 2022 Amid Big Tech Selloff

Options Newsman20minutes ago

Why are technology stocks plummeting? The USA's "hard landing" must be guarded against!

Some popular recession indicators are continuously alarming, and the yield curve has been inverted for two years, releasing recession signals of unemployment rate. The market is paying attention to whether the second quarter GDP to be released on Thursday will trigger a red light warning.

wallstreetcn33minutes ago

AMD Stock Turns Negative Year-to-Date, CEO Lisa Su Meets With Tesla: What Investors Should Know

Benzinga42minutes ago

Market Mover | Ford Motor Slumps11% After Q2 Financial Results

Moomoo News20:18 ET · Movers

S&P NASDAQ recorded its deepest decline in a year and a half, with VIX soaring 22%. Tesla and chip stocks suffered heavy losses, and short-term US bonds rose.

Technology giants' poor financial reports triggered panic selling, with the S&P 500 large cap falling by 2.3%, breaking below the 50-day moving average for the first time since May 3 and ending the longest record of not falling by more than 2% in a single day since 2007. It matched the largest drop since the end of 2022 with the Nasdaq falling by 3.6%, the Dow Jones Industrial Average falling by 500 points, small cap stock index falling by 2.1%, chip stock index falling by 5.4%, and Chinese concept stock index falling by nearly 2%. Tesla fell by 12%, the largest drop since September 2020, and Google fell by 5%, the worst performance in six months. The cooling of AI fever led to a market cap evaporation of 1 trillion dollars for Nasdaq 100. Nvidia and Broadcom fell by about 7%, while the "panic index" VIX hit a 3-month high. The former Fed "three-hand" calls for interest rate cuts next week, and the yield curve of U.S. Treasury bonds is trending steeply, with the two-year yield falling 8 basis points to its lo

wallstreetcn19:18 ET

Ford Motor's second quarter profit plummeted 26% below expectations, with after-hours trading falling nearly 12%, and full-year guidance not raised.

In the second quarter, Ford's revenue increased by more than 6%, and EPS profits decreased by 35% year-on-year, which is much lower than expected. The EBIT profit of commercial vehicles is more than twice that of fuel vehicles, while the increase in car warranty reserves has affected profits. The electric vehicle business lost more than $1 billion per quarter in the first half of the year, and Ford still expects the business to lose as much as $5.5 billion for the whole year. The full-year free cash flow guidance has been raised by $1 billion, but the full-year EBIT profit guidance has not been raised, disappointing investors.

wallstreetcn19:16 ET