Stock Market Plunges as Recession Fears Rise; Dow Drops 890 Points, Tech Stocks Tumble
The stock market faced intense selling pressure on Monday as recession concerns grew and Canada retaliated against President Donald Trump’s tariffs. The Dow Jones Industrial Average and other major indexes tumbled, with Palantir Technologies, Nvidia, and Tesla among the biggest losers. Dow Jones
Jefferies’ Christopher Wood Adjusts Equity Allocations: India Decrease and China Increase Amid Geopolitical Tensions
Reduction in Indian Equity ExposureChristopher Wood, the global head of equity strategy at Jefferies, has reduced his exposure to Indian equities by one percentage point as of October 2, 2024. Despite this adjustment, Wood remains ‘overweight’ on Indian markets, even amidst ongoing volatility
Stock Market Update: Fluctuations in Tech Sector Amid Earnings Concerns
The stock market experienced significant volatility, particularly in the tech sector, where companies like Atlassian and Snap faced sharp declines. These drops were driven by earnings reports and forward guidance that fell short of market expectations, leading to investor concerns. Key Factors Contributing