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The stock market saw a significant drawback this autumn, with the S&P 500 entering a correction phase, experiencing its steepest bi-weekly drop of the year. This descent amounted to a decline of over 10% from its recent peak. Factors such as disappointing earnings from tech giants like Alphabet, a steep drop in Chevron’s shares due to weaker quarterly earnings compared to the previous year, and a swift rise in bond yields, which recently peaked at a 16-year high of 5%, contributed to this trend. This abrupt surge in bond yields has added volatility across the markets, putting the S&P 500 and the Dow Jones Industrial Average on course for their worst three-month performance since the conclusion of March 2020. As bond yields rise, the Russell 2000 index, representing smaller companies, suffered notably, declining by 2.6% over the week. Despite strong indicators such as the U.S. GDP’s 4.9% growth in Q3, many investors are exercising caution, especially ahead of the Federal Reserve’s upcoming meeting and the anticipated release of further economic data. #StockMarketcrash #stockmarket #invest #investor #Bonds #FederalReserve
Timestamps:
Stocks Enter Correction Territory 0:23
What’s Happening WIth Asset Values? 8:09
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