Tech Wreck Rattles Markets—But U.S. Futures Hold Steady Amid the Chaos
Silicon Valley's darlings took a beating—yet Wall Street's casino remains open for business.
Nasdaq ghosts haunt pre-market trading
Futures flatline as algos shrug off yesterday's bloodbath. Another day, another opportunity for hedge funds to pretend they've got a 'risk management' strategy.
Tech's paper tigers collapse—again
FAANG stocks turned to junk bonds overnight. But hey, at least the S&P 500 only dipped 2%—call it a 'healthy correction' if you enjoy losing money slowly.
The closer: Remember when 'diversification' meant more than just alternating between crypto and tech ETFs? Pepperidge Farm remembers.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
U.S. stocks started the week on a negative note, with major indices closing sharply lower. The Nasdaq, the S&P 500, and the Dow dropped 0.8%, 0.9%, and 1.2%, respectively. Nvidia (NVDA) stock slid nearly 2% ahead of its Q3 earnings report due Wednesday, as investors grow cautious about the AI rally’s sustainability.
Beyond Nvidia, investors are watching for key economic updates this week, including the Fed’s October meeting minutes and the delayed September jobs report, both expected midweek. These could influence expectations for future interest rate cuts.
Earnings from major retailers such as Walmart (WMT), Home Depot (HD), and Target (TGT) are also under close watch. These results will provide some insight into consumer spending as the holiday season approaches.
