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The US stock market is about to conclude its worst quarter compared to the rest of the world since the 1980s. Obviously there have been lots of dips along the way to this ignominious milestone, which also means investors should have some attractive entry points to start buying again.
Asian shares are sharply lower, with benchmarks in Tokyo and Taiwan falling more than 4% after Wall Street had another wipeout.
Wall Street stocks ended sharply lower on Friday, with selloffs in Amazon, Microsoft and other technology heavyweights, after U.S. data stoked fears of weak economic growth and high inflation as the Trump administration ratchets up tariffs.
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Another wipeout slammed Wall Street as worries built about a potentially toxic mix of worsening inflation and a U.S. economy slowing because of households afraid to spend due to the global trade war.
Tesla is undergoing a "brand tornado crisis moment," Wedbush's Dan Ives said. Signs are pointing to a tough Q1 delivery report next week.
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Both base and precious metals are among the top-performing assets as the end to the first quarter nears, and the momentum is expected to continue as long as the trade war lasts.
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WTEN Albany on MSNWall Street bonuses hit record high in 2024By DiNapoli’s reckoning, taxes on 2024 bonuses are adding $600 million to state coffers and $275 million to New York City. The Wall Street workforce swelled to 201,500, up from 198,400 in 2023 and passing the peak set in the year 2000.
U.S. stocks are falling following discouraging updates on inflation and how much U.S. households may be willing to spend.