Tech Sell-Off Drives Market Downturn, Earnings Strong
Update: 2025-12-13
Description
Stock markets experienced a significant sell-off last Friday, with the S&P five hundred and Nasdaq one hundred reaching one and a half week and two-week lows, respectively. This was primarily due to a sharp decline in technology shares, with Broadcom plunging over eleven percent after disappointing sales outlooks. Investors are also rotating out of tech stocks due to high valuations and uncertainty about AI infrastructure spending. Despite this, the third-quarter corporate earnings season has been strong, with eighty-three percent of S&P companies exceeding forecasts. The markets currently anticipate only a twenty-four percent chance of a fed funds rate cut at the next meeting, reflecting ongoing inflation concerns.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
