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2024-12-19

Why is the market not happy

2024-08-05

We are fucked

US STOCKS-U.S. futures slide as recession fears spook investors

2024-04-10

$SoundHound AI Inc(SOUN)$ stock is plummeting because of new stocks distribution. Wtf is management thinking???

Go to Tiger App to see more news

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fucked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335178808287384","repostId":"2457172598","repostType":2,"repost":{"id":"2457172598","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1722857659,"share":"https://ttm.financial/m/news/2457172598?lang=&edition=fundamental","pubTime":"2024-08-05 19:34","market":"us","language":"en","title":"US STOCKS-U.S. futures slide as recession fears spook investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2457172598","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news 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Microsoft    fell 4.7%, while Alphabet</p><p>  slid 6%.</p><p>   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&amp;P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.</p><p>       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.</p><p>   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.</p><p>       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.</p><p>   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.</p><p>   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.</p><p>   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year</p><p>  slipped to 3.7561%.   </p><p>   The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.</p><p>   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.</p><p>   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.</p><p>   Futures tracking small-cap index Russell 2000    dipped 4.9%.</p><p>   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>    were down 15.8% and 12.2%, respectively.</p><p>   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)</p><p>((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-U.S. futures slide as recession fears spook investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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Microsoft    fell 4.7%, while Alphabet</p><p>  slid 6%.</p><p>   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&amp;P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.</p><p>       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.</p><p>   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.</p><p>       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.</p><p>   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.</p><p>   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.</p><p>   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year</p><p>  slipped to 3.7561%.   </p><p>   The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.</p><p>   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.</p><p>   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.</p><p>   Futures tracking small-cap index Russell 2000    dipped 4.9%.</p><p>   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>    were down 15.8% and 12.2%, respectively.</p><p>   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)</p><p>((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2457172598","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news window.)        *      Apple falls as Berkshire halves stake        *      Two Fed heads scheduled to speak later in the day         *      Wall Street \"fear gauge\" at over four year high        *      Futures down: Dow 1.9%, S&P 500 3%, Nasdaq 4.7% (Updated at 6:45 a.m. ET/ 1045 GMT)   By Shubham  Batra and Shashwat Chauhan      Aug 5 (Reuters) - U.S. stock index futures tumbled on Monday, with those tied to the Nasdaq sliding almost 5%, as fears of the United States tipping into recession following weak data last week rippled through global markets.   Bourses from Asia to Europe took a beating and bond yields slid as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would need to cut interest rates quickly to spur growth.   All megacap and growth stocks, the main drivers for the indexes hitting record highs earlier this year, fell sharply in premarket trading.   Apple    slumped 8.4% after Berkshire Hathaway  slashed its stake in the iPhone maker by almost 50%, suggesting that billionaire investor Warren Buffett is growing wary about the broader U.S. economy or stock market valuations that have gotten too high.   Nvidia    slid 9.7% after reports of a delay in the launch of its upcoming artificial-intelligence chips due to design flaws. Microsoft    fell 4.7%, while Alphabet  slid 6%.   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year  slipped to 3.7561%.      The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.   Futures tracking small-cap index Russell 2000    dipped 4.9%.   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and Riot Platforms    were down 15.8% and 12.2%, respectively.   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293750130815208,"gmtCreate":1712747880604,"gmtModify":1712755542090,"author":{"id":"4116543290298912","authorId":"4116543290298912","name":"xmanreturn","avatar":"https://community-static.tradeup.com/news/a76ddb957f24353f7d9ffa8b533ca45f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4116543290298912","authorIdStr":"4116543290298912"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$ </a> stock is plummeting because of new stocks distribution. Wtf is management thinking???&nbsp;","listText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$ </a> stock is plummeting because of new stocks distribution. Wtf is management thinking???&nbsp;","text":"$SoundHound AI Inc(SOUN)$ stock is plummeting because of new stocks distribution. Wtf is management thinking???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293750130815208","isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":383064784859192,"gmtCreate":1734550026774,"gmtModify":1734553387736,"author":{"id":"4116543290298912","authorId":"4116543290298912","name":"xmanreturn","avatar":"https://community-static.tradeup.com/news/a76ddb957f24353f7d9ffa8b533ca45f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4116543290298912","authorIdStr":"4116543290298912"},"themes":[],"htmlText":"Why is the market not happy&nbsp;","listText":"Why is the market not happy&nbsp;","text":"Why is the market not happy","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/383064784859192","isVote":1,"tweetType":1,"viewCount":114,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":335178808287384,"gmtCreate":1722860695389,"gmtModify":1722866556025,"author":{"id":"4116543290298912","authorId":"4116543290298912","name":"xmanreturn","avatar":"https://community-static.tradeup.com/news/a76ddb957f24353f7d9ffa8b533ca45f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4116543290298912","authorIdStr":"4116543290298912"},"themes":[],"htmlText":"We are fucked","listText":"We are fucked","text":"We are fucked","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/335178808287384","repostId":"2457172598","repostType":2,"repost":{"id":"2457172598","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1722857659,"share":"https://ttm.financial/m/news/2457172598?lang=&edition=fundamental","pubTime":"2024-08-05 19:34","market":"us","language":"en","title":"US STOCKS-U.S. futures slide as recession fears spook investors","url":"https://stock-news.laohu8.com/highlight/detail?id=2457172598","media":"Reuters","summary":"(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news window.)        *      Apple falls as Berkshire halves stake        *      Two Fed heads scheduled to ","content":"<html><body><p>(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news window.)</p><p>        * </p><p>     Apple falls as Berkshire halves stake</p><p>        * </p><p>     Two Fed heads scheduled to speak later in the day </p><p>        * </p><p>     Wall Street \"fear gauge\" at over four year high</p><p>        * </p><p>     Futures down: Dow 1.9%, S&amp;P 500 3%, Nasdaq 4.7% </p><p>(Updated at 6:45 a.m. ET/ 1045 GMT)</p><p>   By Shubham  Batra and Shashwat Chauhan</p><p>      Aug 5 (Reuters) - U.S. stock index futures tumbled on Monday, with those tied to the Nasdaq sliding almost 5%, as fears of the United States tipping into recession following weak data last week rippled through global markets.</p><p>   Bourses from Asia to Europe took a beating and bond yields slid as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would need to cut interest rates quickly to spur growth.</p><p>   All megacap and growth stocks, the main drivers for the indexes hitting record highs earlier this year, fell sharply in premarket trading.</p><p>   Apple    slumped 8.4% after Berkshire Hathaway</p><p>  slashed its stake in the iPhone maker by almost 50%, suggesting that billionaire investor Warren Buffett is growing wary about the broader U.S. economy or stock market valuations that have gotten too high.</p><p>   Nvidia    slid 9.7% after reports of a delay in the launch of its upcoming artificial-intelligence chips due to design flaws. Microsoft    fell 4.7%, while Alphabet</p><p>  slid 6%.</p><p>   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&amp;P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.</p><p>       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.</p><p>   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.</p><p>       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.</p><p>   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.</p><p>   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.</p><p>   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year</p><p>  slipped to 3.7561%.   </p><p>   The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.</p><p>   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.</p><p>   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.</p><p>   Futures tracking small-cap index Russell 2000    dipped 4.9%.</p><p>   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>    were down 15.8% and 12.2%, respectively.</p><p>   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)</p><p>((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))</p></body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-U.S. futures slide as recession fears spook investors</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-U.S. futures slide as recession fears spook investors\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2024-08-05 19:34</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p>(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news window.)</p><p>        * </p><p>     Apple falls as Berkshire halves stake</p><p>        * </p><p>     Two Fed heads scheduled to speak later in the day </p><p>        * </p><p>     Wall Street \"fear gauge\" at over four year high</p><p>        * </p><p>     Futures down: Dow 1.9%, S&amp;P 500 3%, Nasdaq 4.7% </p><p>(Updated at 6:45 a.m. ET/ 1045 GMT)</p><p>   By Shubham  Batra and Shashwat Chauhan</p><p>      Aug 5 (Reuters) - U.S. stock index futures tumbled on Monday, with those tied to the Nasdaq sliding almost 5%, as fears of the United States tipping into recession following weak data last week rippled through global markets.</p><p>   Bourses from Asia to Europe took a beating and bond yields slid as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would need to cut interest rates quickly to spur growth.</p><p>   All megacap and growth stocks, the main drivers for the indexes hitting record highs earlier this year, fell sharply in premarket trading.</p><p>   Apple    slumped 8.4% after Berkshire Hathaway</p><p>  slashed its stake in the iPhone maker by almost 50%, suggesting that billionaire investor Warren Buffett is growing wary about the broader U.S. economy or stock market valuations that have gotten too high.</p><p>   Nvidia    slid 9.7% after reports of a delay in the launch of its upcoming artificial-intelligence chips due to design flaws. Microsoft    fell 4.7%, while Alphabet</p><p>  slid 6%.</p><p>   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&amp;P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.</p><p>       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.</p><p>   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.</p><p>       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.</p><p>   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.</p><p>   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.</p><p>   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year</p><p>  slipped to 3.7561%.   </p><p>   The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.</p><p>   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.</p><p>   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.</p><p>   Futures tracking small-cap index Russell 2000    dipped 4.9%.</p><p>   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and <a href=\"https://laohu8.com/S/RIOT\">Riot Platforms</a>    were down 15.8% and 12.2%, respectively.</p><p>   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.</p><p>    &lt;^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate    </p><p>   ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^&gt;</p><p>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)</p><p>((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2457172598","content_text":"(For a Reuters live blog on U.S., UK and European stock markets, click    or type LIVE/ in a news window.)        *      Apple falls as Berkshire halves stake        *      Two Fed heads scheduled to speak later in the day         *      Wall Street \"fear gauge\" at over four year high        *      Futures down: Dow 1.9%, S&P 500 3%, Nasdaq 4.7% (Updated at 6:45 a.m. ET/ 1045 GMT)   By Shubham  Batra and Shashwat Chauhan      Aug 5 (Reuters) - U.S. stock index futures tumbled on Monday, with those tied to the Nasdaq sliding almost 5%, as fears of the United States tipping into recession following weak data last week rippled through global markets.   Bourses from Asia to Europe took a beating and bond yields slid as investors rushed to safe-haven assets and bet the U.S. Federal Reserve would need to cut interest rates quickly to spur growth.   All megacap and growth stocks, the main drivers for the indexes hitting record highs earlier this year, fell sharply in premarket trading.   Apple    slumped 8.4% after Berkshire Hathaway  slashed its stake in the iPhone maker by almost 50%, suggesting that billionaire investor Warren Buffett is growing wary about the broader U.S. economy or stock market valuations that have gotten too high.   Nvidia    slid 9.7% after reports of a delay in the launch of its upcoming artificial-intelligence chips due to design flaws. Microsoft    fell 4.7%, while Alphabet  slid 6%.   At 06:45 a.m. ET, Dow E-minis    were down 775 points, or 1.94%, S&P 500 E-minis    were down 160.75 points, or 2.99% and Nasdaq 100 E-minis    were down 862 points, or 4.65%.       A weak jobs report and shrinking manufacturing activity in the world's largest economy, coupled with dismal forecasts from the big U.S. technology firms, pushed the Nasdaq 100    and the Nasdaq Composite    into a correction last week.   The disappointing jobs data also triggered what is known as the \"Sahm Rule\", seen by many as a historically accurate recession indicator.       Traders now see a 98.5% probability that the U.S. central bank will cut benchmark rates by 50 basis points in September, compared to an 11% chance seen last week, according to CME's FedWatch Tool.   Big Wall Street brokerages also revised their Fed rate projections for 2024 to show greater policy easing by the central bank.   \"I am reluctant to believe the Fed would start the easing process with a 50 bps cut, but if the next seven weeks of data are consistent with this week's, the Fed should be aggressive,\" said Ronald Temple, chief market strategist at Lazard.   Yields on U.S. government bonds hit multi-month lows, with the 10-year note    last at 3.7379%, while the two-year  slipped to 3.7561%.      The CBOE Volatility index   , also known as Wall Street's \"fear gauge\", breached its long-term average level of 20 points last week and was currently at 53.11, highest since April 2020.   A slew of Fed officials will speak on the economy and monetary policy through the week and any indication on interest rate cuts could soothe frayed nerves of investors.   Chicago Fed President Austan Goolsbee and San Francisco Fed President Mary Daly are slated to speak later in the day.   Futures tracking small-cap index Russell 2000    dipped 4.9%.   Crypto-linked stocks fell after Bitcoin    hit its lowest in five months. Coinbase Global    was down 13%, while MicroStrategy    and Riot Platforms    were down 15.8% and 12.2%, respectively.   Big U.S. lenders were down, with Bank of America    leading the losses with a 4.5% fall.    <^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^ 'Sahm Rule' Trigger Revives Recession Debate       ^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^^>(Reporting by Shubham Batra and Shashwat Chauhan in Bengaluru; Editing by Saumyadeb Chakrabarty)((Shubham.Batra@thomsonreuters.com; Shashwat.Chauhan@thomsonreuters.com))","news_type":1},"isVote":1,"tweetType":1,"viewCount":332,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":293750130815208,"gmtCreate":1712747880604,"gmtModify":1712755542090,"author":{"id":"4116543290298912","authorId":"4116543290298912","name":"xmanreturn","avatar":"https://community-static.tradeup.com/news/a76ddb957f24353f7d9ffa8b533ca45f","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"4116543290298912","authorIdStr":"4116543290298912"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$ </a> stock is plummeting because of new stocks distribution. Wtf is management thinking???&nbsp;","listText":"<a href=\"https://ttm.financial/S/SOUN\">$SoundHound AI Inc(SOUN)$ </a> stock is plummeting because of new stocks distribution. Wtf is management thinking???&nbsp;","text":"$SoundHound AI Inc(SOUN)$ stock is plummeting because of new stocks distribution. Wtf is management thinking???","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/293750130815208","isVote":1,"tweetType":1,"viewCount":300,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}