
The U.S. stock market has experienced a notable downturn, with the S&P 500 witnessing more stocks declining than advancing for ten consecutive trading days, marking the longest such streak in at least 20 years. This trend highlights a significant breadth issue in the market, with the Dow Jones Industrial Average also recording its longest losing streak since 2020, falling for seven straight days. Despite the overall market slump, the Nasdaq managed to close slightly higher, buoyed by gains in tech stocks like Broadcom, which surged 24.43% after reporting strong earnings. However, not all tech stocks fared well, with Nvidia experiencing a decline. The market's mixed performance comes amidst concerns over re-surging U.S. inflation and higher interest rates, which have influenced investor sentiment and market dynamics.








FUN FACT 🚨: S&P 500 has seen more stocks decline than advance for 10 consecutive trading days, the longest such streak in AT LEAST 20 years
It was a sea of red this week with a only handful of bright spots - $AVGO, $TSLA, $GOOG, and $AAPL being some of the biggest winners. Treasury yields surged following hot inflation reports, with the 10-year rising 25bps. https://t.co/PgT6HrAI5m
#TechStocks Weekly Performance Mixed results for big tech as $Tesla and $Apple hit new all-time highs, while others stayed near previous highs. 🚀 Leaders: 🔹 $TSLA: +4.34% today, +12.08% weekly, closing at $436.28 (New All-Time High!) 🔹 $GOOGL: -1.11% today, +8.65% weekly,…