wall street is having a hard day today. some of the biggest companies, like microsoft and tesla, are not doing well, so their value went down a lot. this made the wall street indexes go down too. the reason why this happened is that these big companies did not make as much money as people thought they would. Read from source...
e.g., excluding inflation, increased demand, market expectations, earning reports, Fed policies. One-sided coverage without providing balanced viewpoints, ignoring important factors. It's not a reliable source.
Bearish
Reasoning for sentiment: On Wednesday, Wall Street experienced a turbulent session with the S&P 500 nearing its worst performance in over a year, the tech-focused Nasdaq 100 eyeing its fifth decline in the last six sessions. Tesla shares plummeted over 11% after missing earnings expectations. The Magnificent Seven group, including Microsoft, Apple, Amazon, Alphabet, and Tesla, wiped out over $570 billion in their combined market valuation. The Roundhill Magnificent Seven ETF also fell 4.9%, marking the worst daily performance since the fund's inception last year.
pro data shows the spdr sp500 etf trust (spy) was 1.8% down to $543.94. The technology-heavy invesco qqq trust (arca: qqq) fell 3% to $466.46.