Nasdaq Has Dropped 7% in Two Weeks as the Tech Selloff Picks up Steam

Seeking AlphaJul 25 08:46 ET

Technology stocks encountered a "Black Wednesday", USA's "hard landing" should not be ignored!

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.

wallstreetcnJul 24 22:15 ET

The Correction Happening in Stocks Is 'Far From Over,' IBKR Says

Seeking AlphaJul 24 18:02 ET

Goldman Sachs Is Shifting to Neutral, but Remains Mildly Pro-risk for the Next 12 Months

Seeking AlphaJul 22 09:03 ET

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.

wallstreetcnJul 19 21:32 ET

Nasdaq Set for Its Worst Week in 3-months, See How Some Names Have Performed

Seeking AlphaJul 19 12:53 ET