Earthquake in #WallStreet
The tech rout drags stocks down and sparks panic in the markets
Massive plunge in major indices
Wall Street endured a brutal day of selling led by the #NASDAQ , which plunged 5.24% (-1,327.23 points) to 24,387.19, entering correction territory
The #DowJones and #SP500 were not spared: the Dow Jones plunged 1,761.46 points (-3.33%) to 51,580.82, while the S&P 500 fell 4.12% (-316.61 points) to close at 7,372.01.
Trigger for the decline: The massive sell-off was strongly driven by investors fleeing the Big Tech and semiconductor sectors, amid growing uncertainty and doubts about the sector's short-term profitability in artificial intelligence.
Volatility surge (VIX): The fear index (VIX) soared an astonishing 46.18% to 24.28 points, reflecting the high tension and uncertainty gripping traders.
Safe haven in commodities: In contrast to the stock market bloodbath, investors sought protection in traditional assets: gold rose 1.19% to $4,121.30, while oil gained 2.88% to $90.66.
$QQQB
$SPYB
$ICP
The tech rout drags stocks down and sparks panic in the markets
Massive plunge in major indices
Wall Street endured a brutal day of selling led by the #NASDAQ , which plunged 5.24% (-1,327.23 points) to 24,387.19, entering correction territory
The #DowJones and #SP500 were not spared: the Dow Jones plunged 1,761.46 points (-3.33%) to 51,580.82, while the S&P 500 fell 4.12% (-316.61 points) to close at 7,372.01.
Trigger for the decline: The massive sell-off was strongly driven by investors fleeing the Big Tech and semiconductor sectors, amid growing uncertainty and doubts about the sector's short-term profitability in artificial intelligence.
Volatility surge (VIX): The fear index (VIX) soared an astonishing 46.18% to 24.28 points, reflecting the high tension and uncertainty gripping traders.
Safe haven in commodities: In contrast to the stock market bloodbath, investors sought protection in traditional assets: gold rose 1.19% to $4,121.30, while oil gained 2.88% to $90.66.
$QQQB
$SPYB
$ICP
