From Nasdaq: 2024-07-26 08:00:00

The Nasdaq 100 has been plummeting due to concerns over big tech companies’ massive infrastructure spending on AI. Alphabet and Tesla’s earnings reports triggered the downturn, leading to fear-induced selling and an increase in volatility ETFs. Safe-haven assets like gold and the yen are gaining strength, while the U.S. dollar remains stable. Short-term U.S. Treasury bond ETFs are also seeing gains amidst market uncertainty.

Investors are on edge as the tech selloff continues, with the Nasdaq 100 experiencing its worst day in almost two years. Alphabet Inc. and Tesla Inc. are among the major companies contributing to the decline in tech stocks. The market turmoil has led to a surge in volatility ETFs, with investors seeking refuge in safe-haven assets like gold and the yen. The U.S. dollar remains strong, while short-term U.S. Treasury bond ETFs are gaining traction.

Gold and the yen are seeing increased interest from investors seeking safe-haven assets in the midst of the tech selloff. The U.S. dollar, supported by positive GDP data, remains strong despite expectations of rate cuts. Short-term U.S. Treasury bond ETFs are also gaining value, reflecting investors’ cautious approach amidst market uncertainty.

In response to the tech selloff, investors are turning to safe-haven assets like gold and the yen, while the U.S. dollar remains resilient. Short-term U.S. Treasury bond ETFs are also gaining favor, offering stability in the face of market volatility. The market turmoil has sparked interest in these assets, providing a hedge against risk.



Read more at Nasdaq: Why to Add Safe Haven ETFs to Your Portfolio?