Gildas Omont
Global Markets: Fed and Tech Woes Weigh on Investors Global stock markets fell on Thursday, dragged down by concerns over U.S. monetary policy and the high valuations of tech giants. On Wall Street, the $DJ30 , $NSDQ100 and $SPX500 all declined, while in Europe, the $FRA40 edged lower after hitting a new intraday record. Fed dampens rate cut hopes: Several officials signaled that further easing is unlikely for now, waiting for sustained inflation slowdown. Investors remain cautious, as recent economic data is still scarce following the U.S. government shutdown. Tech stocks struggle: Nvidia, Arm, Intel, Alphabet, and Tesla all dropped sharply, with markets questioning the profitability of massive AI investments. A sector rotation is underway, with capital flowing into more defensive areas. Disney disappoints: The entertainment giant’s stock plunged 7.75% after missing quarterly expectations, hurt by weak box office results and the decline of traditional TV. Oil prices tick up: After a sharp drop the previous day, Brent and WTI crude rebounded slightly, supported by steady demand forecasts despite expected oversupply. Bottom line: Markets tread carefully amid monetary uncertainty and tech valuation pressures.
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