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📉 Worst day since '22
 
A line chart that displays the daily change in NASDAQ, Dow Jones, and S&P 500 from January 2 to July 24, 2024. NASDAQ shows the highest increase, rising from 0 percent to 17.45 percent, followed by S&P 500, which rose from 0 percent to 14.43 percent. The Dow Jones increased the least, from 0 percent to 5.67 percent.
Data: Yahoo Finance. Chart: Axios Visuals

A Big Tech selloff triggered the worst day for the S&P 500 (-2.3%) and Nasdaq (-3.6%) since 2022, Axios' Pete Gannon and Nathan Bomey write.

  • The Dow closed down 1.3%.

Every Magnificent Seven company — including Apple, Microsoft, Amazon, Nvidia and Meta — finished in the red yesterday, including Tesla's 12% and Alphabet's 5% drops.

  • Profit reports from Tesla and Alphabet helped suck momentum from Wall Street's AI frenzy.

Go deeper.

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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  • 2 months later...
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📈 Stock market's astonishing returns
 
A bar chart that illustrates the total S&P 500 return over various time periods. Returns range from 5.5% for one quarter to 1,135% over 30 years.
Data: YCharts. Chart: Axios Visuals

The stock market has been on a tear of late — up 34% over the past year and up 20% year-to-date, Axios' Felix Salmon writes.

  • Why it matters: That's the best stock-market performance in the first three quarters since 1997, and it's boosted total returns over almost any time horizon.

The index's 30-year return is 1,135% — it's risen more than twelvefold in the past three decades — and currently stands at an all-time high.

 

ps:I believe I heard something that if Biden became president the "Stock Market would CRASH" So has that happened????????? Obviously no!!!!!!!!!!

phkrause

Obstinacy is a barrier to all improvement. - ChL 60
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