NASDAQ, S&P 500, Dow Jones Analysis – Stocks Remain Under Pressure As Pullback Continues

S&P 500

As dealers responded to the weaker-than-expected GDP figures, the S&P 500 hit new lows. In contrast to the average estimate of 2.9% among analysts, the second estimate of the fourth-quarter GDP Growth Rate report revealed that GDP grew by 2.4% quarter-over-quarter. Initial Jobless Claims stayed below 200,000, demonstrating the resilience of the labor market.

Curiously, after a failed effort to break through the crucial 4.00% mark, the yield on 10-year Bonds fell toward 3.90%, but this move did not give equities enough support.

Energy equities were able to pick up positive momentum as crude markets recovered from yesterday's sell-off, despite the fact that most market sectors are moving downward during today's trading session.

Despite NVIDIA's stock's good performance, which increased 13% following a robust earnings report, NASDAQ retreated towards the 12,000 mark. The business anticipates that the growth of AI will increase demand for its goods.

Among the largest losses in the NASDAQ today is eBay, which is down 6%. Despite exceeding expert expectations for profits and sales, the company came under heavy pressure as traders concentrated on the dismal full-year outlook.

Dow Jones Dow Jones dropped below the 33,000 mark and continued to trend downward as the decline went on.

After the most recent results report, dealers continued to unload shares of the largest store, placing substantial pressure on Walmart stock.

Among the Dow Jones components today, Chevron had the greatest performance due to the robust recovery in the energy markets.