Market Overview - The U.S. stock market is experiencing a decline, influenced by a global sell-off, with notable drops in Nvidia and Bitcoin prices, raising concerns about overvaluation [2][3] - The S&P 500 decreased by 0.4%, while the Dow Jones Industrial Average fell by 373 points (0.8%), and the Nasdaq composite dropped by 0.6% [3] Investor Sentiment - Despite recent market struggles, many large investors still anticipate further stock price increases, as indicated by a Bank of America Global Research survey [5] - The survey revealed that 45% of fund managers identified an AI bubble as the top risk for the market, surpassing concerns about the bond market, inflation, and trade wars [5] Company Performance - Nvidia's stock, which has seen significant growth, dropped by 1.8% on Tuesday, marking a 9.5% decline for the month [8] - Home Depot's stock fell by 3.4% after reporting weaker-than-expected summer profits, attributing the decline to a lack of storms and consumer uncertainty in the housing market [9] Global Market Impact - The bond market saw a slight easing, with the yield on the 10-year Treasury decreasing to 4.10% from 4.13% [11] - Internationally, stock indexes in Europe and Asia also fell, with Japan's Nikkei 225 dropping by 3.2% and South Korea's Kospi declining by 3.3% [12]
Stock market slips again as Nvidia, bitcoin, and other stars keep falling