Market Slump: Tech Stocks, AI, and Economic Slowdown
Update: 2025-11-18
Description
Wall Street faces a challenging period as tech stocks, which have driven market growth, lose momentum. The S&P 500 has seen a two and a half percent decline in November, the longest record-less streak since 2018. The Magnificent Seven tech stocks, responsible for nearly all market growth this year, are down nearly five percent this month. Amazons recent bond sale highlights concerns over AI development costs. The economy shows signs of slowing, particularly in the job market, and lower-income consumers are feeling financial pressure. Technical indicators suggest more challenges ahead, with Wall Street strategists questioning a year-end rally. The upcoming week is crucial, with major consumer companies and Nvidia releasing earnings and government economic data starting to emerge.
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