From Investor’s Business Daily: 2024-08-04 22:06:05

Dow Jones and S&P 500 futures took a sharp dive, impacting tech giants such as Apple and Nvidia. Bitcoin also plummeted, causing concerns in the market. Meanwhile, Warren Buffet’s Berkshire Hathaway reported strong earnings but revealed a significant decrease in its Apple stock stake. The stock market experienced a sell-off last week, driven by recession fears and expectations of rate cuts. Key earnings this week include Palantir, Caterpillar, and Eli Lilly, but all stocks appear to be damaged. Market fear spiked, with the VIX hitting levels not seen since 2023, signaling possible short-term market bottoms. Nvidia’s next-gen AI chips are reportedly delayed, with potential impacts on major buyers like Microsoft and Google.



Read more at Investor’s Business Daily: Dow Jones Futures Fall Amid Nvidia Chip Report, Warren Buffett’s Apple Move