U.S. Stocks May Extend Sell-Off Amid Overseas Weakness

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 05 August 2024 12:40:40 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a sharply lower open on Monday, with stocks likely to extend the sell-off seen over the two previous sessions. An overseas sell-off, which saw Japan?s Nikkei 225 Index record its biggest slump since "Black Monday" in October 1987, is likely to carry over on to Wall Street. Concerns about the U.S. economy slipping into recession following last Friday?s disappointing jobs report triggered the significant weakness in the overseas markets. Shares of AI darling and market leader Nvidia (NVDA) are plunging by 13.9 percent in pre-market trading amid an unwinding of the artificial intelligence trade that recently helped the markets to record highs. Tech giant Apple (AAPL) is also tumbling by 9.9 percent in pre-market trading after Warren Buffett?s Berkshire Hathaway revealed it sold nearly half its stake in the iPhone maker. Stocks moved sharply lower during trading on Friday, adding to the steep losses posted during Thursday's session. With the extended sell-... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- Europe European stocks have tumbled on Monday to extend losses from the previous session amid fears the U.S. economy may be heading for a recession. Concerns over an escalating Middle East conflict also weighed on markets, with reports suggesting the Benjamin Netanyahu-led government could sanction a pre-emptive strike on Iran to prevent an attack on Israeli soil. In economic releases, a survey revealed the eurozone economy stalled in July as demand for goods and services deteriorated. The HCOB composite PMI output index fel... [Read More]( --------------------------------------------------------------- Asia Asian shares plummeted on Monday amid fears of a possible U.S. recession and concerns over an escalating Middle East conflict. China's yuan leapt to a seven-month high, and the Japanese yen hit its highest levels against the dollar since January after the U.S. reported much lower-than-expected job creation in July and the unemployment rate unexpectedly rose to its highest level in nearly three years, heightening fears the labor market was deteriorating and potentially making the economy vulnerable to a recession. Gold fluctuated in Asian trading, while oil extended losses from the lowest close in seven months ... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Commodities Crude oil futures are slumping $1.31 to $72.21 a barrel after plummeting $2.79 to $73.52 a barrel last Friday. Meanwhile... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49