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Market Turmoil: S&P 500 Enters Correction Amid Escalating Trade War

                                                                 The stock market faced a sharp downturn on Thursday, with the S&P 500 officially entering correction territory. The index fell 1.4%, marking a 10% decline from its recent high. The Dow Jones Industrial Average dropped 1.3%, while the tech-heavy Nasdaq plummeted nearly 2%. This market turbulence comes as trade tensions escalate. The European Union's retaliatory tariffs on U.S. goods, including a 50% tax on American whiskey, prompted the U.S. administration to threaten a 200% tariff on European wines and spirits. These developments have left investors on edge, fearing the economic repercussions of a prolonged trade war. Adding to the uncertainty, debates over a stop-gap spending bill to prevent a government shutdown have further ...
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Stocks set for a rebound after the Fed’s announcement, with Big Tech earnings in focus

 


US stock futures signaled a rebound on Thursday after the worst sell-off in months on Wall Street, as investors recalibrated their timeline for rate cuts from the Federal Reserve and prepared for a heavy-hitting round of megacap tech earnings. Futures tied to the benchmark S&P 500 rose 0.3%, while those on the blue-chip Dow Jones Industrial Average hovered above the flatline. The tech-heavy Nasdaq Composite, which suffered a more than 2% decline Wednesday, pointed up by about 0.5%.

The Federal Reserve’s announcement on Wednesday that it would not cut rates at the next meeting in March, as previously expected, was a wake-up call for investors looking for quick interest rate cuts. Instead, the bank is expected to cut rates in May. The Fed’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market.

After Microsoft and Alphabet failed to live up to investors’ lofty expectations, Apple, Amazon, and Meta will take center stage after the closing bell. The earnings reports of these tech giants are expected to be heavy-hitting, and investors are eagerly awaiting the results.

In conclusion, the stock market is set for a rebound after the Fed’s announcement, and investors are preparing for a heavy-hitting round of megacap tech earnings. The Federal Reserve’s pivot in the central bank’s rate plans has led to a recalibration of investor expectations, which has helped to stabilize the market. The earnings reports of Apple, Amazon, and Meta are expected to be heavy-hitting, and investors are eagerly awaiting the results.


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