Tech Losses Weigh on Global Markets Ahead of US Midterm Elections, While Oil Prices Rise
Investors rotated out of high-growth shares as oil climbed and traders braced for election-day volatility, with U.S. markets set to react to the vote.
- On Nov 3, voters headed to the polls for midterm elections that could fundamentally reshape the government and influence the agenda of President Donald Trump.
- Rising inflation and concerns over interest rates have fueled volatility, with The Nasdaq-100 closing more than 10% below its record high set on Oct 6.
- Apple is predicting a gross margin of 45 to 46 percent as it reckons with a global memory chip crunch, sparking scrutiny over capital expenditure on AI data centers.
- Data from Morgan Stanley shows the firm cut its price target on the tech giant to $350 from $355, while JPMorgan reduced its target to $355 from $360.
- Uncertainty surrounding the economy will likely persist until election results clarify the legislative path for tax and fiscal policy, impacting long-term investment strategies.
16 Articles
16 Articles
The Paris Stock Exchange (CAC 40) is evolving in the red this Tuesday, November 3, marked by the decline in technological values in the wake of Wall Street and Asian markets. Investors remain cautious before the US mid-term elections.
Globes presents its first update on the state of markets around the world • And this morning: The South Korean stock market plunges due to the weakness of chips • Wall Street futures indicate a mixed trend in the midterm election calendar, after a negative close in technology last night • Oil climbed again after a report of a US attack on Iran • A negative arbitrage gap of about 1% in Tel Aviv will weigh on the opening • And also: Wall Street's …
Futures Mixed As America Votes, Apple Slides And Oil Rebounds After "Defensive" US Strike On Iran
Futures Mixed As America Votes, Apple Slides And Oil Rebounds After "Defensive" US Strike On Iran US futures are down but off session lows, with Nasdaq contracts edging higher, as America heads to the polls for the midterms, chips rebound even as Apple slides on a gross margin warning and…
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