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.
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Berkshire Hathaway has sold stocks for 12 straight quarters, the longest selling streak in its history, reflecting a cautious approach to equity markets.
The S&P 500 is up 17.4% in 2025 and needs to reach 7,062 to post a third consecutive year of gains above 20%.
Michael Burry lashed out at The Wall Street Journal after it highlighted his 2023 “SELL” tweet, pointing out that the S&P 500 has risen 69% since then.
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 Hindenburg Omen has triggered five times this month, signaling stressed market breadth beneath still-elevated U.S. equity indices.
Popular U.S. growth and tech names drop between 4% and 10% in a broad risk-off move across equities.
Molecular-diagnostics startup BillionToOne raised $273 million in an oversubscribed IPO, with shares jumping 67% at debut and valuing the company at around $4.4 billion.
The S&P 500 reached a new all-time high above 6,900 even as nearly 80% of its components fell, with Apple, Nvidia and Microsoft alone driving the rally ahead of the Fed’s rate decision.
Apple became the latest company to surpass $4 trillion in market value, joining Nvidia and Microsoft as investors reward AI innovation and stronger-than-expected iPhone 17 sales.
HSBC Holdings’ pretax profit dropped 14% in the third quarter following a $1.1 billion charge tied to the Bernard Madoff scandal, yet the bank raised its net interest-income forecast to $43 billion for 2025.