Major US stock indices move lower with the
NASDAQ index falling -2.04%. The S&P index fell -1.17% and the Dow industrial average fell -0.53%.
The hangover from last week’s Fed meeting, the government shutdown, concerns about overvaluation, and bitcoin tumbling back below the $100,000 level hurt the sentiment
Looking at some of the company specific stocks:
Meta-is down for the 4th consecutive day and 16% since its earnings last week. Palantir tumbled -7.95% on overvaluation after beating on earnings after the close. Nvidia shares fell -3.96%, Broadcom shares fell -2.93%, Micron -7.13%Shopify -6.93%AMD shares fell -3.7% ahead of earnings after the close.Oracle fell -3.75%
This article was written by Greg Michalowski at investinglive.com.