From Zacks Investment Research: 2025-02-24 16:04:12

Stocks plunged Friday, Nasdaq lost year-to-date gains, sparking concerns about US equity bull market. Seasonal weakness, normal drawdowns, and monthly OPEX causing volatility. Elon Musk’s DOGE cuts creating job market worries, despite historical precedent. Sentiment shows investors are skittish. AI spending remains strong, with Apple planning $500 billion investment, while Microsoft refutes rumors of slowing down. Chinese AI spending soaring, Alibaba to invest $53 billion in cloud and AI infrastructure. Nvidia earnings report on Wednesday will provide more insight on AI spending trends.



Read more at Zacks Investment Research: Bull Market Intact: Why Friday’s Plunge was Likely Overdone – February 24, 2025