Will Turmoil in US Markets Trigger Global Market Corrections and Impact Commodities? | Market Cafe

US markets witnessed significant turmoil, characterized by steep declines across major indices. The Dow Jones fell 1.25%, the S&P 500 dropped 2.3%, and the Nasdaq plummeted over 3.6%. This downturn was fueled by disappointing earnings from tech giants like Alphabet and Tesla, prompting a broader market correction away from mega-cap tech stocks. Meanwhile, in commodities, US crude oil futures rebounded on reduced stockpiles and increased gasoline demand, while gold prices rose amidst a weakening dollar and anticipation of US economic data.


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