S&P 500 -2.0%Nasdaq Comp -2.7%DJIA -1.7%Russell 2000 -2.2%Toronto TSX Comp -1.6%
On the week:
S&P 500 -1.5%Nasdaq Comp -2.6%DJIA -1.0%Russell 2000 -1.8%Toronto TSX Comp -0.8%S&P 500 -5.2%Nasdaq Comp -10.3%Russell 2000 -1.7%Toronto TSX Comp +0.2%
Aside from the trade worries, the tech picture doesn't look healthy. Nvidia was down another 1.6% today and off almost 10% this week. The first phase of any technological boom is always the 'picks and shovels' but we may be past that point now with people finding ways to make LLMs cheaper and more efficient. There is a trough afterwards until the second phase of a massive productivity boom starts to unfold.
All told, this will likely be the worst quarter for the S&P 500 since the third quarter of 2022.
This article was written by Adam Button at www.forexlive.com. Read More Details
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