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S&P 500 dips into correction levels in a wild day on Wall Street

By CNBC

U.S. stocks fell sharply on Friday as disappointing quarterly results from key tech companies overshadowed strong economic dataRead full story

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  • I think the market is repricing higher rates, tariffs (yes they do matter and have a delayed effect!), China slowdown and the debt problem in Italy. Was sky-high. A repricing is better than a catastrophic debt-driven meltdown.

  • The soaring market never made sense to me, given the uncertainty around Trump administration policies. High valuations had stocks priced for perfection, but high turnover among administration officials and inconsistent messaging is not ideal. Changing trade policies, bilateral vs multi-national agreements

    The soaring market never made sense to me, given the uncertainty around Trump administration policies. High valuations had stocks priced for perfection, but high turnover among administration officials and inconsistent messaging is not ideal. Changing trade policies, bilateral vs multi-national agreements - such shifts tend to pause investor confidence.

    On the other side: an amazingly healthy US job market, relatively low interest rates (even with recent rises), and a largely benign international conflict landscape. There’s no wonder US stocks capture so much asset flow. What better place would you put your money?

    Still to be resolved: While tech co’s in general aren’t suffering from the “new economy” blather of 20 years ago that true profits don’t matter, there is still hype in many valuations (including large and small venture-backed operations). A reckoning always arrives when hopefulness exceeds the tangible. Some operations will disrupt competition and industries, but not everyone will live up to their dreams. This has nothing to do with Trump, per se. This is simply the reality of market-based growth and investing. Not everything works out. Even if the long term is rosy, the near term is messy.

  • Computers kicking in, S&P went int correction territory. Time for the investor, to go on vacation, come back when things settle down. We are in a nexus of worry...worry about bombs, worry about Europe, worry about Saudi Arabia, worry about immigration, worry about mid term elections, worry about the

    Computers kicking in, S&P went int correction territory. Time for the investor, to go on vacation, come back when things settle down. We are in a nexus of worry...worry about bombs, worry about Europe, worry about Saudi Arabia, worry about immigration, worry about mid term elections, worry about the Fed, worry about the strong dollar, worry about Tariffs, worry we are at the end of great profits. Sometimes I think the traders have about 10 years experience and do not remember anything prior to Obama. Let the big boys beat impeach other up, stay long it will recover...

  • From a pure fundamentals perspective, institutional and retail investors alike may need to acknowledge that some of the tech darlings are no longer spring chickens. It’s natural for organic growth to slow. Companies will focus increasingly on improving bottom line, including finally becoming profitable

    From a pure fundamentals perspective, institutional and retail investors alike may need to acknowledge that some of the tech darlings are no longer spring chickens. It’s natural for organic growth to slow. Companies will focus increasingly on improving bottom line, including finally becoming profitable in many cases. (We want companies to be profitable?! I know, shocker.)

    We have seen marked EBITDA efforts and improvements from tech across the board, which should be rewarded but isn’t. Suffice it to say, I’m looking forward to the day FANG starts issuing dividends, which should be any day now...

  • Societal and governmental debt load is monumental. Day of reckoning is coming. Not now but soon.

  • Really interesting. Curious if this is going to be a recurring pattern

  • It looks like Technology is a market leader and is being effected by circumstances in rising inflation and interest rates by the FED.

  • No surprise this happened... not going to stop here.

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