🚨The Dow Jones and Nasdaq have entered correction territory, dropping over 10% from their recent peaks. $TRUMP
The S&P 500 posted its fifth consecutive weekly decline, the longest such streak in nearly four years🔥
The "Magnificent Seven" tech giants lost approximately $850 billion in market value last week alone.
Escalating Middle East tensions, involving Israel and Iran, are the primary catalyst for the sell-off✨
Houthi rebels have entered the conflict, raising fears of a Red Sea blockade that threatens oil routes.
Brent crude oil spiked to $112 per barrel, with analysts warning of a potential rise to $150💵. $BTC
Soaring oil prices are fueling inflation concerns, shifting market expectations away from rate cuts.
Markets are now pricing in a roughly 25% chance of a Federal Reserve rate hike later this year.
This week, investors will focus on Fed Chair Powell’s speech for clues on monetary policy direction.
Key labor data includes the JOLTS report, ADP employment, and the official March jobs report.
The March jobs report is expected to show a rebound with 48,000 jobs added after last month’s weakness.
Manufacturing health will be assessed via the ISM Manufacturing PMI release mid-week.
Technology stocks are currently the hardest hit sector due to rising rate and inflation fears.
Commodity-related sectors are showing relative strength amid the surge in oil prices.
The NYSE and Nasdaq will be closed on Friday, April 3, in observance of the Good Friday holiday.