Bitcoin "halving," and earnings from ASML Holding, Taiwan Semiconductor Manufacturing Co, and Netflix took Wall Street for a wild ride last week, with the CBOE Volatility Index spiking close to 25%.
Since the stock market hit a high on March 29, it has fallen about 5%. From a technical perspective the S&P 500’s decline could easily become a correction of 10% or more.
Inflation and geopolitics and earnings. Oh, my!It was a rough week for stock markets. “The S&P 500 closed 1.5% lower on Friday, while the Nasdaq Composite dipped 1.6%. Every S&P 500 sector closed lower—and just about 40 stocks in the index finished the day with gains,” reported Connor Smith of
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