Nvidia, Tesla stocks slip as 'Magnificent 7' names lead markets lower
The “Magnificent Seven” stocks were at the center of another sell-off set to hit markets early Monday.
Shares of Nvidia (NVDA), Tesla (TSLA), Alphabet (GOOG, GOOGL), Amazon (AMZN), and Meta (META) were all down more than 2% before the market open on Monday.
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Read MoreRisk-Loving Koreans Lose Big on Leveraged ETFs Amid Stock Swoon
A sudden swoon in US tech stocks is dealing a blow to South Korea’s mom-and-pop investors who have placed billions of dollars of leveraged bets on the cohort.
The country’s retail investors held at least 11% of two exchange-traded funds that place amplified wagers on the Nasdaq 100 Index — bets that may go awry as the US tech benchmark nears a correction.
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Read MoreDow Jones Today: Stock Futures Point To Sharply Lower Open Monday as Volatile Trading Continues; Tesla Continues Sliding
Stock futures tumbled Monday morning amid ongoing uncertainty about the impact of policies coming from the Trump White House and concerns about the outlook for the U.S. economy.
Futures tied to the Dow Jones Industrial Average were down 1% about 90 minutes before the opening bel, while those linked to the S&P 500 and tech-heavy Nasdaq tumbled 1.2% and 1.4%,
Read MoreStock market today: Dow, S&P 500, Nasdaq futures sink after S&P's worst week since September
US stock futures fell solidly Monday as investors processed growing concerns about the health of the US economy and readied for a busy week of economic data, headlined by a report on inflation amid concerns over its resurgence under President Trump’s unpredictable trade policy.
Dow Jones Industrial Average futures (YM=F) fell 1.1%,
Stock market today: S&P 500 nears correction as stock sell-off deepens amid Trump's latest tariff threats
The Burst
Market Commenary: Did Apple Silently Launch a Brain Machine Interface?
Ten years ago if you told someone that a brain-machine interface would connect humans to machines you would have been at risk of earning a tin foil hat and being labeled a conspiracy theorist.
Read MoreThe Ivy
3 Stocks Buffett Will Not Sell
When Buffett was asked about his brief foray into buying and subsequently selling McDonald’s stock decades ago he made a comment that offered a rare insight into the framework he uses to evaluate the long-term merits of a firm. While it’s well-known that he likes a company to have an enduring competitive advantage, it’s not as clear to many what that actually means.
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