US Markets Suffer Worst Day Since 2022 as Tesla and AI Stocks Fall

- Stock markets tumbled on Monday, with Japanese shares at one point exceeding their 1987 'Black Monday' loss, as fears of a U.S. recession sent investors fleeing from risk. - The safe haven yen and Swiss franc surged, as crowded carry trades unravelled, sparking speculation that some investors were unloading profitable trades to cover losses elsewhere. - Japan's benchmark Nikkei average closed 12.40% lower, its largest one-day fall since October 1987, while European shares fell to near six-month lows amid a global selloff in equities. - A weak July payrolls report saw markets price in a high chance of Federal Reserve rate cuts, with futures implying significant cuts in the funds rate this year. - Investors are seeking safe harbours, with the dollar falling against major currencies and gold losing some of its appeal, while oil prices eased on concerns about global energy demand. Source: https://reuters.com/markets/global-markets-wrapup-1-2024-08-04/

Today, the markets have been bleeding across USA, Japan, India due to number of reasons contributing to it. War between iran- Israel, unemployment rate in USA going up, increase in interest rates in Japan which led to the worst decline of their stock markets in history. We were thinking that since now openings are coming up, situation could improve. Will the situation get worse from here in the upcoming days or is it too early to say?

NVIDIA's market cap is bigger than Germany's entire stock market. NVIDIA, plus Apple and Microsoft's are bigger than China's stock market. The magnificent 7 (add in Facebook, Amazon, Netflix, and Google) represent about 1/3rd of the market cap of S&P 500. S&P 500 index funds represent a huge share of many people's retirement accounts. This will tumble in the next decade of course.

Declared for the states: We’ll pay employees during the full notification period (minimum 60 days). We’ll also offer a severance package starting at 16 weeks salary plus two weeks for every additional year at Google, and accelerate at least 16 weeks of GSU vesting. We’ll pay 2022 bonuses and remaining vacation time. We’ll be offering 6 months of healthcare, job placement services, and immigration support for those affected. Outside the US, we’ll support employees in line with local practices.

Which are the best US / global stocks to invest in right now? I have installed IndMoney and looking to invest in attractive global companies... Looking forward to some awesome insights🙂

- Equity benchmark indices declined after hitting fresh record highs, with Sensex dropping over 900 points, dragged by M&M and IT stocks. - Sensex hit a new all-time high of 80,481.36 during opening trade but tumbled 915.88 points to 79,435.76 by late morning. - Nifty also hit a fresh lifetime high but slumped all gains, declining 291.4 points to 24,141.80. - Major laggards included Mahindra & Mahindra, HCL Technologies, TCS, Tata Steel, Kotak Mahindra Bank, and State Bank of India. - Factors behind the fall include Fed Chair Jerome Powell's comments on rate cuts, across-the-board sell-offs, and technical market challenges.

Freshers impacted in software/product and data science profiles. Day 1 company in all colleges. Placement season is almost over everywhere and now these students are without a job just days before their joining date. No severance too unlike layoffs. Used to pay a lot though, 30 lakhs base salary for SDEs and 15 for product analysts after taking gruelling overnight interviews. Heard internally there struggling a lot which is reflected in their stock price which is halved from 2021 despite a bull run in US tech companies in the same period. Note to anyone thinking of getting into sprinkr(obviously in future cause they showing middle finger now): join only if you want to work like a donkey in exchange of lots of money.

Is stocks a bad decision to include in your CTC? I think you will get less in hand.