Stocks dropped again Tuesday as President Donald Trump's tariffs sparked queasiness on Wall Street, and leading the stock market woes were shares of Tesla, the electric vehicle firm run by Trump's top lieutenant Elon Musk, also the world's richest man.
US stock indexes are tipped to head higher on the first trading day of March, led by the tech-powered Nasdaq. S&P 500 futures pointed to a 0.5% rise, with Nasdaq 100 futures rising 0.7% and those for the Dow Jones up 0.35%.
The Nasdaq 100 index surged to a record high of $22,220 in February and then suffered a harsh reversal to a low of $20,500 last week. This retreat happened as concerns about Donald Trump's tariffs and after NVIDIA published mixed financial results.
The CNN Money Fear and Greed index showed some improvement in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Friday.
Feb. 27 was a brutal day for tech stocks.
Nasdaq (NDAQ) reported earnings 30 days ago. What's next for the stock?
The so-called ‘bro bubble' — the testosterone-fueled rally in cryptocurrencies and other speculative tech stocks — is popping, and one strategist identifies the key lines in the sand for closely watched assets.
The CNN Money Fear and Greed index showed further decline in the overall market sentiment, while the index remained in the “Extreme Fear” zone on Thursday.
To get the latest market news, check out finance.yahoo.com Stocks plummeted on Thursday as tech sold off following Nvidia's (NVDA) latest earnings report while investors took stock of the economy amid President Trump's latest tariff pledges. The S&P 500 (^GSPC) fell more than 1.6%, while the tech-heavy Nasdaq Composite (^IXIC) dropped 2.8%.
On the heels of Nvidia's (Nasdaq: NVDA) Q4 earnings beat, technology stocks have turned negative, including a nearly 1% drop in the Nasdaq Composite in a tariff-related sell-off.
US stocks were tipped to start higher on Thursday, helped by a positive premarket pivot from Nvidia Corp (NASDAQ:NVDA) as investors continued to chew over its overnight earnings release. As a result of the chipmaker's 2.5% premarket gain, futures were indicating the Nasdaq 100 would rise 0.8%, with S&P 500 futures up 0.7% and those for the Dow Jones up 0.3%.
U.S. stocks traded mostly higher midway through trading, with the Nasdaq Composite gaining around 150 points on Wednesday.