Market Summary 5th March 2024

The stock market just had its biggest fall in over a month, with the tech-heavy $Invesco QQQ Trust(QQQ.US)$ index dropping by 1.79%. $Apple(AAPL.US)$, one of the biggest companies in that index, saw its share price fall by almost 3%. It shows that having a lot of your investment in a few big companies can sometimes backfire. This drop marks the second day in a row where more stocks were being sold off than bought.

Looking at the day's trading in more detail, there were both good and bad points. On the bright side, not every stock had a bad day. Some areas of the market, like the $iShares Russell 2000 ETF(IWM.US)$, which tracks smaller companies, held up pretty well. However, many of the previously strong stocks suffered significant losses on heavy trading volume. This calls for us to be cautious. Consequently, we're suggesting a more cautious approach to stay on the safer side.

US heat list: $Tesla(TSLA.US)$ $NVIDIA(NVDA.US)$ $Apple(AAPL.US)$ $CrowdStrike(CRWD.US)$ $Super Micro Computer(SMCI.US)$ $Meta Platforms(META.US)$ $Advanced Micro Devices(AMD.US)$ $NIO Inc(NIO.US)$ $Coinbase(COIN.US)$ $Marathon Digital(MARA.US)$