Welcome to your daily Stock Market Summary from MARKETSNAP! Today, we’re diving into a pretty turbulent day across the major indexes. The Dow Jones, Nasdaq, Russell, and S&P 500 all ended in the red, with the Nasdaq taking the hardest hit, dropping over 2.6%. The volatility index, VIX, spiked up by more than 13%, reflecting the market’s nervousness.
In the world of large-cap stocks, Alibaba and JD.com stood out with some gains, while heavyweights like Nvidia and Tesla saw significant declines. Nvidia, in particular, was among the most active stocks, alongside Tesla and Palantir, which also faced a tough day.
On the sector front, Health Services and Health Technology managed to hold their ground better than others, but most sectors, including Industrial Services and Retail Trade, experienced notable losses. Energy Minerals took the biggest hit, sliding nearly 9%.
Looking at the earnings calendar, we had some mixed results. Companies like AES Corp and Apellis Pharmaceuticals reported better-than-expected earnings, while others like Amneal Pharmaceuticals fell short. The earnings season continues, with big names like Broadcom and Costco on the agenda, promising more action in the days ahead.
Wrapping up, today was a challenging day for the markets, but as always, volatility brings opportunities. Keep an eye on those sectors that are showing resilience, and stay tuned for tomorrow’s summary to catch the latest market moves and insights. Thanks for tuning in to MARKETSNAP!
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