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I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?
by everdrive 4mo ago
I'm quite relieved as the S&P should be stable and slow. But with that caveat said, is this why the S&P 500 dropped off a cliff on Friday? If so, why?
- oceansky 4mo agoImpossible to know for sure. But I would speculate a lot of investors are "bullish" on these three companies and would rather invest more on them.
- droidjj 4mo agoThe general consensus is stocks nosedived after the strong jobs report, because strong labor market means its more likely Fed will hike interest rates to curb inflation.
- throwawaycan 4mo agoNo. All index dropped on Friday.
- steveBK123 4mo agoQuite the opposite. It dropped because tech dropped and it still has a lot of tech. This is why QQQ was down far more than SPY, as QQQ is more tech heavy and will be adding these companies.
- enraged_camel 4mo agoJobs numbers came way stronger than expected, and previous two months also got revised up. Strong job numbers + increasing inflation = overheated economy = goodbye interest rate cuts. In fact, there's a significant chance that rates will go up this year. Perhaps even more than once. That means cost of borrowing will increase, which is bad for business growth.
- cascades42 4mo agoThe story being reported is that the unexpectedly strong US jobs report will push the Fed towards a rate hike, which often is correlated with a drop in stock prices. https://www.nbcnews.com/business/markets/tech-stocks-sink-rcna348684 https://www.nbcnews.com/business/markets/tech-stocks-sink-rc...