US stock market report – tech sell-off extends to 7%
The sell-off in US stock markets intensified on Monday despite positive news on COVID-19 treatments, with the Nasdaq down 2.1%.
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Telsa Inc (NASDAQ: TSLA) is one of the world’s largest producers of fully performance and production electric vehicles, including cars and trucks; plus the associated accessories (software, charging bays, batteries, etc.). It is run by entrepreneur Elon Musk.
The sell-off in US stock markets intensified on Monday despite positive news on COVID-19 treatments, with the Nasdaq down 2.1%.
Both the Dow Jones and S&P 500 staged late recoveries to finish 1.7% lower as a mounting wall of negative sentiment hits global sharemarkets.
US stock markets finished the week on a more positive note than the S&P/ASX 200 (ASX: XJO) as the USD strengthens.
US stock markets continued to new records on Monday, with the Dow Jones and S&P 500 both finishing 0.3% higher.
This discussion of my Apple Inc (NASDAQ: AAPL) stock valuation first appeared in Rask’s weekly newsletter. Create a free Rask account to read these every week.
On The Australian Investors Podcast, 7Investing’s Anirban Mahanti and Owen Rask chat Tesla Inc’s (NASDAQ:TSLA) monster operating leverage, Apple Inc’s (NASDAQ:AAPL) massive iPhone growth & Dubber Ltd’s (ASX:DUB) capital raising.
The S&P/ASX 200 (ASX: XJO) gave up another recording opening to finish flat on Monday. Lynas (ASX:LYC) shares are making headlines.
The S&P/ASX 200 (ASX:XJO) powered to a record close on Thursday. BHP (ASX:BHP) and Zip (ASX:Z1P) shares are making headlines.
The Australian Investors Podcast has a new co-host, Dr Anirban Mahanti of 7Investing! To kick things off, Owen & Anirban chat Nuix, Tesla, Bigtincan and more.