U.S. Stocks Slide Sharply as Tech Shares Lead Broad Selloff
U.S. stocks fall sharply as tech shares slump, wiping out over $1.6 trillion amid crypto weakness and rising geopolitical tensions.
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U.S. stocks fall sharply as tech shares slump, wiping out over $1.6 trillion amid crypto weakness and rising geopolitical tensions.
A rapid selloff wipes out trillions in market value as stocks and crypto fall sharply within hours.
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BofA says the S&P 500 now appears more expensive than during the dot-com bubble across nearly half of its key valuation metrics.
December has been the strongest month for the S&P 500, with gains in over 73% of years and average returns near 1.5% since 1945.
The Magnificent Seven now make up a record 38% of the S&P 500, marking the highest market concentration in the index’s history.
Nvidia accounts for 8.5% of the S&P 500 with a $5.1 trillion valuation, surpassing multiple national markets and entire index sectors.
Bitcoin drops 12% against a 1.6% S&P 500 decline, signaling possible oversold conditions and a short-term relief rally.