Senior Investment Strategist at Edward Jones here in new york. Were seeing a dent in risk appetite. The market is grappling with a variety of worries tensions in the Middle East, a Port Strike and election uncertainty. Do you expect to see volatility . Are there any opportunities . Yes, it is great to be here, and we are moving nicely thus far this year and we are moving nicely thus farthis year in and we are moving nicely thus far this year in the snp 500, up far this year in the snp 500, up nearly 20 . As you noted, youre heading into a choppy October Period and facing mounting walls of worry in the market, including the upcoming election on November The 5th and the ongoing Port Strike on the Eastern Seaboard as well as growing escalations and tensions in the Middle East. We say investors in markets should prepare for bouts of volatility ahead of a 20 rally also, that is a natural next step in terms of what might happen in markets. We are probably due for a period of pull back, but w
Seems to be reducing. But there are also concerns about the wider us economy that led to a wider sell off on us markets, as ritika gupta explains. The snp 500 saw its biggest slide since an early august meltdown, ending the session down 2%. This comes after a rally that put the benchmark within a striking distance of its all time highs. Technology stocks, the gauges most influential group, took the brunt of the decline. The nasdaq index closed down by 3%, while the dowjones index slipped by 1. 5%. One of the biggest losers on the day was nvidia, the high flying artificial intelligence darling, which raised more than $240 billion in market value. The chip maker shares closed down over 9%. 0ther semiconductor stocks, including micron, intel and advanced micro devices, fell in sympathy. The market also took a leg lower after manufacturing production data shrank for a fifth month in august. The institute for supply management manufacturing gauge edged up to 47. 2. A reading below 50 indi
The city of potalva, at a military training insitute and nearby hospital were hit. This is the scene. Ukraine s armed forces confirmed soliders at the military institute were among the dead. The country s president volodymyr zelensky said those responsible for the attack would be held accountable. He also renewed his calls to allies for more air defences. The white house condemned the attack and said military assistance would be arriving to ukraine in the coming weeks. Nick beake sent us this report from the scene. The missiles tore through the ukrainian military academy at 9 o clock this morning, just as lessons were starting, levelling huge parts of the complex and killing dozens instantly. Army medics battle to save the injured. Hold on, he shouts, you re a good lad. Tonight we arrived in a stunned city. The emergency services of poltava could do little more than clear up the wreckage. We met mikita, a cadet, who was inside the training centre when it happened. The second missile hi
The operation involved israeli forces raiding the cities ofjenin, tulkarm, nablus and tubas, on a scale that hasnt happened for decades. Lucy williamson sent this report. It was a message of force, delivered quietly at first. Israeli soldiers seeking their targets, Street By Palestinian street. By morning, hundreds of troops backed by Armoured Bulldozers had arrived in the Refugee Camps of tulkarem, nablus, tubas, jenin. Home to armed palestinian groups and unarmed civilians. At least ten palestinians have been killed. Hamas says six of them were its fighters. Masoud najjar said he was injured when he opened the door of his house to young men asking for water. Translation we felt like something came down on us from the sky and there was an explosion. I was unaware of what was going on. When i put my hand on my chest, it was all shrapnel and blood. Injenin, Army Vehicles surrounded the citys two main hospitals. Ambulances stopped and checked by militaryjeeps. Israels Foreign Minister ha
They acknowledged there were issues with production, saying that it was making changes to the number of functioning chips that come out of factories. At the same time, the company expects to bring in several billion dollars of revenue in the fourth quarter from the product. Nvidia shares have fallen by around 7 in after hours trading in new york. Industry Expert Bob Odonnell explained the Market Reaction and what lies ahead for the company. I think when it comes to this brand and its particular earnings, all rationality has gone out the window. There is no normal metric being used or that can be used for this. There is so much attention from individual investors and from people doing options and futures, and everything you can imagine is being thrown at this. And so how it unscrambles all that is bound to get messy. Some people are saying, well, the growth was higher than the forecast, but still not high enough. Even though we forecasted it here, we wanted it to be here. Its like, you