Episode Details

US stocks plummeted on Thursday, with tech and semiconductor shares leading the decline. The Nasdaq Composite entered correction territory, while the S&P 500 and Dow Jones Industrial Average also fell. Oil prices surged amid US-Iran tensions. Tech giants faced additional pressure from a court ruling, and chip stocks tumbled due to Googles AI algorithm research. Investors sought safer assets as recession fears grew, leading to a rise in the ten-year Treasury yield and a strengthening dollar. Jobless claims matched forecasts, but high oil prices threatened inflation and Federal Reserve rate cuts. Despite market volatility, analysts anticipate a rebound once tensions ease.

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