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Worst Week of the Year for the S&P 500 | Daily Stock Market Wrap 4/19
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April 19, 2024
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2:13Now PlayingA selloff in the world’s largest technology companies hit stocks, with the industry that has powered the bull market getting ready to report earnings next week.
Equities extended their slide from a record, with the S&P 500 breaking below 5,000 and the Nasdaq 100 falling over 2%. More than half of the “Magnificent Seven” cohort of tech megacaps will announce results in the next few days — leaving investors wondering whether those firms are going to live up to the high expectations set for artificial intelligence.
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