🚨🚨🚨 Dow Jones down 560+ points 📉

@Fin_Watch

📊 Current market mentality:

1. Economic data weaker than expected: Sell stocks, we are heading into a recession

2. Economic data stronger than expected: Sell stocks, inflation is on the rise

3. Economic data as expected, Sell stocks, higher for longer is back

@Fin_Watch

📈 Google stock, $GOOGL, soars over 12% after beating earnings expectations.

The company reported revenue of $93.5 billion and EPS of $$1.89. Google also declared a $0.20 dividend for the first time in history and issued a $70 billion stock buyback.

@Fin_Watch

📊 Market Cap Erased Since All Time High:

1. Apple, $AAPL: $400 billion
2. Nvidia, $NVDA: $330 billion
3. Tesla, $TSLA: $310 billion
4. Microsoft, $MSFT: $250 billion
5. Meta, $META: $220 billion
6. Amazon, $AMZN: $190 billion
7. Google, $GOOGL: $70 billion

Combined, the Magnificent 7 stocks have erased $1.8 TRILLION in market cap since their recent all time highs.

@Fin_Watch

💸 xAI is raising $6 billion at a valuation of $18 billion from investors including Sequoia, per the Bloomberg

@Fin_Watch | link

🇨🇳 China's 🇺🇸 U.S. Treasury holdings have fallen to their lowest level in 15 years 📉📉

@Fin_Watch