A rough end to the week. The Nasdaq ($NDX) fell about 2.9% and the S&P 500 ($SPX) dropped about 1.8%, while the Dow ($DJI) slipped about 1.1%. Canada's TSX ($TSX) fell about 1.9%. The driver was AI spending worries. $INTC plunged about 29% on a weak outlook, its worst day since 1974, and $AMZN slipped about 1.9% after heavy infrastructure spending. $NBIS fell about 10% to near $154 in the same pullback. Next week, watch $AAPL earnings on Monday after the close for an early test of whether big tech can calm the selloff. Not financial advice.
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3 Comments
Clantosa
@clantosa · 1h
This is why I don't mess with individual holdings. The volatility is unmatched. Seeing a 30% drop in a single day with a large portfolio balance really hurts
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