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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.
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Treasury yields rise but remain close to multi-month lows as this week's data shows a weakening economy that could allow the Federal Reserve to start cutting interest rates in September. The central
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The probability of Donald Trump returning to the White House has surged, prompting bond investors to sell long-term US bonds in unison.
Bond fund managers from large institutions are all selling long-term US bonds. This is mainly because they are worried that Trump's trade and fiscal policies may push up inflation and US debt levels over time.
EZ_money : pfft no DJT media? fired!!!
ZnWC : Visual from Moomoo
Revan2000 : Bet his BTC is left on an exchange and not in a wallet