Stock market today: Dow, S&P 500, Nasdaq sink as Russia-Ukraine tensions spur rush to havens
Published On Nov 19, 2024, 7:05 AM
US stock futures fell as increasing tensions from the Russia-Ukraine conflict, particularly regarding nuclear threats from Russia, heightened market volatility. This situation led investors to seek safer investments, causing a spike in bond prices and commodities like gold while major U.S. indices declined. Corporate earnings were overshadowed by these geopolitical fears, leading to mixed sentiments on expectations from big tech firms like Nvidia, which is set to report earnings soon.
Stock Forecasts
SPY
Negative
Given the current geopolitical tensions and the movement towards safe-haven assets, coupled with uncertain corporate earnings outlooks, a negative sentiment is expected in the broader market. The focus on safety may lead investors to sell off equities in favor of bonds and gold.
NVDA
Negative
Nvidia is facing pressures due to concerns regarding its earnings amid geopolitical unrest. If its upcoming earnings report does not meet high expectations, especially after concerns of product overheating, it may face a drop.
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