The Washington Post on Nostr: Stocks slide as chip industry fears, economic uncertainty weigh on markets ========== ...
Stocks slide as chip industry fears, economic uncertainty weigh on markets
==========
U.S. markets faced significant declines in early September 2024; Nasdaq down 6% for the week, worst since January 2022; S&P 500 down 4%, Dow Jones down 3%, both worst since March 2023; Broadcom's revenue forecast disappointment led to a 10% drop in its stock; Nvidia down over 4%, Qualcomm down over 3%, Intel down 2%; Analyst Tom Essaye noted a rotation out of high-profile tech stocks; Mixed economic data and political uncertainty causing volatility; August jobs report showed a slowdown with a 3-month average job gain of 39.1K, below pre-pandemic average; Fed governor Christopher Waller indicated potential multiple rate cuts; Carol Schleif expects elevated volatility until the presidential election but anticipates solid 2025 earnings.
#Stocks #Nasdaq #Broadcom #Semiconductors #EconomicUncertainty #InterestRates #JobMarket #Volatility #TechIndustry #Investors
https://www.washingtonpost.com/business/2024/09/06/nasdaq-sp500-dow-semiconductors/
==========
U.S. markets faced significant declines in early September 2024; Nasdaq down 6% for the week, worst since January 2022; S&P 500 down 4%, Dow Jones down 3%, both worst since March 2023; Broadcom's revenue forecast disappointment led to a 10% drop in its stock; Nvidia down over 4%, Qualcomm down over 3%, Intel down 2%; Analyst Tom Essaye noted a rotation out of high-profile tech stocks; Mixed economic data and political uncertainty causing volatility; August jobs report showed a slowdown with a 3-month average job gain of 39.1K, below pre-pandemic average; Fed governor Christopher Waller indicated potential multiple rate cuts; Carol Schleif expects elevated volatility until the presidential election but anticipates solid 2025 earnings.
#Stocks #Nasdaq #Broadcom #Semiconductors #EconomicUncertainty #InterestRates #JobMarket #Volatility #TechIndustry #Investors
https://www.washingtonpost.com/business/2024/09/06/nasdaq-sp500-dow-semiconductors/