Market Reversal: Tech Stocks Plummet, Defensive Industries Surge

Market Reversal: Tech Stocks Plummet as Investors Favor Defensive PlaysThe stock market experienced a dramatic turnaround earlier this week, with initial gains on the Dow Jones Industrial Average evaporating due to a stronger-than-expected jobs report. This economic news overshadowed positive company earnings reports, such as Nvidias, which initially jumped five percent but eventually fell due to market anxiety. Investors shifted their focus to more stable, defensive industries like Walmart, causing a significant market adjustment.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.