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- Aug 5th Stock Market Update - The biggest drop in the indices in 2 years
Aug 5th Stock Market Update - The biggest drop in the indices in 2 years
$GTLB $XPO
Mukund Mohan
August 05, 2024
Market
“The Dow dropped 1000 points or 2.6% and NASDAQ dropped 3.5% as fears of a weaking economy and a poor jobs report on Friday increased the sell-off” 😲 😵💫
All 3 indices headed lower by 2-4% on the day
On average the Mag 7 dropped 4% - 5%, with Nvidia losing over 6.3% and the relative strength is in some Healthcare companies such as EDU and Kellanova .
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