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After the technology stock's $900 billion collapse, the US stock market will face a critical week!
Are you still bullish in the long term?
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 You Would Have Made Owning Qualcomm Stock In The Last 5 Years
Qualcomm (NASDAQ:QCOM) has outperformed the market over the past 5 years by 7.55% on an annualized basis producing an average annual return of 20.48%. Currently, Qualcomm has a market capitalization
Stocks to Watch Next Week: Tesla, Microsoft, Alphabet and Amazon
Qualcomm Schedules Third Quarter Fiscal 2024 Earnings Release and Conference Call
SAN DIEGO--(BUSINESS WIRE)--Qualcomm Incorporated (NASDAQ: QCOM) today announced that it will publish the Company's financial results for its third quarter fiscal 2024 on Wednesday, July 31, 2024,
Trump's stunning remarks triggered a tech stock market crash, and a prominent investment bank is calling for bargain hunting: this is a "golden buying opportunity"!
According to Wedbush analyst Dan Ives, the sell-off of technology stocks is a 'golden buying opportunity' for investors.
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