.US Stock Market Review 8 – 12 Apr 2024
$Dow Jones Industrial Average(.DJI.US)$ -2.59%
$Nasdaq Composite Index(.IXIC.US)$ -0.76%
$S&P 500 Index(.SPX.US)$ Standard -1.70
Stocks stumbled on Friday as techs lost their winning ways, and as investors reeled from the banking sector's mixed results to kick off earnings season.
Event to watch: 15 Apr US Retail & Core Retail Sales, 17 Apr US Crude Oil Inventories, 18 Apr IJC & Existing Home Sales.
.MY Stock Market Review 8 – 12 Apr ...

After leading the market surge last year, the highly sought-after Magnificent 7 suffered a comprehensive defeat at the beginning of 2024 after rate-cut bets diminished. It is worth noting that the stock prices of these major tech companies also showed significant divergence. Among them, $Apple(AAPL.US)$ suffered the most severe pressure in the first week, falling 5.9%; while $Meta Platforms(META.US)$ and ...