- The stock market saw a slight dip today, with the S&P 500 closing down 0.3% and the Dow Jones Industrial Average falling 0.5%. Tech stocks were hit the hardest, with the Nasdaq dropping 0.8%.
- In economic news, the latest job report showed that the unemployment rate has dropped to 4.2%, the lowest it has been in over a year. However, the number of new jobless claims unexpectedly rose by 11,000 last week.
- On the international front, tensions are rising between China and the US over trade policies, with both countries imposing tariffs on each other’s goods. This has led to concerns about a potential trade war and its impact on global markets.
- In other news, oil prices are on the rise again, with Brent crude reaching $75 a barrel. This is due to ongoing geopolitical tensions in the Middle East and concerns about supply disruptions.
Read more at Barchart: Ready to Buy the Dip? 5 Nasdaq-100 Stocks Down 10% or More
