🔥STOCK MARKET TODAY：Nasdaq Leads Losses as Wall Street Braces for Tesla Earnings
Stocks slumped on Wednesday due to uncertainties about rate cuts, with the Dow Jones falling over 500 points, Nasdaq sliding 2%, and S&P 500 over 1.3%. Investors are contemplating the Federal Reserve's interest rate decisions and closely monitoring Tesla's earnings, questioning their AI strategy. Major tech companies like Apple, Amazon, and Nvidia were down, with Boeing reporting significant losses in its quarterly report. Other key reports include McDonald's stock falling due to an E. coli outbreak and Starbucks's sales drop. On another note, the Federal Reserve's Beige Book indicated low worker turnover and limited layoffs affecting the labor market. Additionally, JPMorgan projects continued US stock market dominance due to the widespread adoption of artificial intelligence. Oil prices fluctuated amid Middle East tensions and a surge in US stockpiles. Tesla and Trump Media Group stocks experienced notable movements. Existing home sales decreased while Boeing reported a substantial quarterly loss alongside other companies like AT&T beating expectations. Today's earnings lineup includes IBM, Coca-Cola, and Tesla reports, among others.
👉Read here
Stocks slumped on Wednesday due to uncertainties about rate cuts, with the Dow Jones falling over 500 points, Nasdaq sliding 2%, and S&P 500 over 1.3%. Investors are contemplating the Federal Reserve's interest rate decisions and closely monitoring Tesla's earnings, questioning their AI strategy. Major tech companies like Apple, Amazon, and Nvidia were down, with Boeing reporting significant losses in its quarterly report. Other key reports include McDonald's stock falling due to an E. coli outbreak and Starbucks's sales drop. On another note, the Federal Reserve's Beige Book indicated low worker turnover and limited layoffs affecting the labor market. Additionally, JPMorgan projects continued US stock market dominance due to the widespread adoption of artificial intelligence. Oil prices fluctuated amid Middle East tensions and a surge in US stockpiles. Tesla and Trump Media Group stocks experienced notable movements. Existing home sales decreased while Boeing reported a substantial quarterly loss alongside other companies like AT&T beating expectations. Today's earnings lineup includes IBM, Coca-Cola, and Tesla reports, among others.
👉Read here