2024-09-04 13:29:08
Stocks
Economy
Tech
Stocks Plunge as Economic Slowdown Fears Mount
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The Street
Finance
Economy
Potential replacements for the Dow Jones Industrial Average could include tech giants like Nvidia or Alphabet, as an easy solution to replace underperforming stocks and maintain the index's relevance.
The Street
Morgan Stanley, JPMorgan lay out stock-market views TheStreet Daily Newsletter
Finance
Economy
Analysts warn that September is historically the weakest month for equities, adding to the market's challenges. JPMorgan's Matejka says sentiment and positioning indicators look unattractive, and political and geopolitical uncertainties remain elevated. Despite the S&P 500's strong year-to-date performance, the market's future direction remains uncertain.
Yahoo News
Stocks tank as economic slowdown fears mount and tech companies disappoint
Finance
Economy
Technology
Politics
Stocks plunged, led by tech companies like Nvidia and chip index PHLX; Apple also dropped 3%, losing $95B in market value. Dow Jones fell 1.5%, oil prices dropped 5%, and China's manufacturing slowdown added to economic concerns. Investors cited volatility in presidential election years and post-Labor Day trading patterns, as well as fears of economic slowdown and weakness in AI and chip manufacturing, as factors behind the broad selloff in S&P 500 and Nasdaq, according to CNBC and Yahoo Finan..
Yahoo Finance
Stocks that have underperformed are poised to catch up if the latest jobs data is strong, Morgan Stanley says
Finance
Economy
Morgan Stanley's Mike Wilson says strong jobs data could boost underperforming stocks; S&P 500 up 20%, Dow up 6,000 in 12 months; tech-fueled rally leaves many names behind; stronger payrolls, lower unemployment could restore confidence, spur catch-up; weaker report may pressure valuations, force Fed cuts; 25 bps cuts may be "sweet spot" for equity multiples, 50 bps cuts may rekindle growth fears.
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