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Dow Jones Retreats Amid Tech Selloff as Goldman CEO Warns of Market Correction

Dow Jones Retreats Amid Tech Selloff as Goldman CEO Warns of Market Correction

Author:

Global Cryptocurrency

Published:

2025-11-04 19:57:02

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BTCCSquare news:

The Dow Jones Industrial Average (DJIA) declined on Tuesday as technology stocks faced selling pressure amid concerns over stretched valuations. Goldman Sachs CEO David Solomon warned of a potential 10%-20% market drawdown within the next 12-24 months, while Morgan Stanley's Ted Pick suggested investors should prepare for a 10%-15% pullback that isn't driven by macroeconomic shocks.

Market leaders emphasized such corrections are normal during bullish cycles, providing opportunities for portfolio reassessment. Pick noted future market performance will increasingly discriminate between companies based on 2026 earnings projections, creating greater dispersion in returns.

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