U.S. stock market loses $5 trillion in value in three weeks
The S&P 500‘s rapid 10% decline from a record high into correction territory has wiped out trillions of dollars in market value.
The market value of the S&P 500 at its Feb. 19 peak was $52.06 trillion, according to FactSet. Thursday’s decline put the index’s market value down to $46.78 trillion.
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Read MoreTrump's Turbulent Week With the Economy and Foreign Policy: Analysts React
President Donald Trump‘s past week in the Oval Office has been dotted with notable turbulence as economists and voters have sounded the alarm on recession fears, while analysts have wondered if a remarkable foreign policy announcement surrounding the Russia-Ukraine war could result in blight or victory for his second term.
Why It Matters
Trump swept into office touting a mandate and promising a flurry of changes and he has attempted to deliver with a number of executive orders and actions in the early days of his second White House stint.
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Read MoreTSLA, AAPL, or NVDA: Which Magnificent 7 Stock Scores Wall Street’s “Strong Buy” Rating?
The Magnificent 7 stocks: Alphabet (GOOGL), Amazon (AMZN), Apple (AAPL), Meta Platforms (META), Microsoft (MSFT), Nvidia (NVDA), and Tesla (TSLA), are prominent tech companies that are known for their market dominance, innovation, and influence on the NASDAQ (NDAQ) and S&P 500 (SPX) indices.
Read MoreWall Street is turning its back on Trump and flashing an economic warning
CNN
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On-again, off-again tariffs, mass government layoffs, funding cuts and immigration crackdowns have seriously spooked Wall Street, which is emphatically rejecting President Donald Trump’s chaotic economic agenda.
The market that embraced Trump for most of his first term and in the lead-up to his second has turned on the president.
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Read MoreFederal Reserve faces economic uncertainty amid tariffs and recession fears
The Federal Reserve begins its two-day meeting this week to decide the future of interest rates amid rising economic uncertainty.”Consumer confidence has fallen sharply. I mean, it’s levels now that are similar to what we saw during great financial crisis,” says Greg McBride of Bankrate.com.Falling confidence is hitting retail sales on everything from snacks to clothing,
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Read MoreThe Burst
Market Commentary: 2 Top AI Stocks To Capitalize On $1.8 Trillion Market In 2030
According to Grand View Research, the AI market is forecast to hit $1.8 Trillion by 2030. We’ll be surprised if that estimate is not eclipsed. In the past few weeks alone, the exponential growth of AI applications has been evident, including:
Read MoreThe Ivy
The #1 Stock In Buffett’s Portfolio
How would you identify the #1 stock in Buffett’s portfolio? Is it the fastest growing stock, the biggest by market cap, the largest by weighting or the most undervalued?
We decided to pick the latter for this article and do a deep dive into all his positions to figure out which one is most undervalued across his whole equity portfolio.
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