Business
S&P 500 Closes Down 2.3% as Variant Spooks Investors
U.S. stocks slid in a post-Thanksgiving selloff, with the S&P 500 Index falling the most since February and the Russell 2000 sinking 3.7% over growing fears that a new coronavirus variant could impact a fragile economic recovery. Bloomberg’s Taylor Riggs and Katie Greifeld have the latest on “Bloomberg Markets: The Close.”
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Bloomberg’s Boston Bureau Chief Brooke Sutherland says Maine Democrats are racing to choose a new Senate nominee after Graham Platner withdrew, leaving the party with little time to unify behind a replacement in a race viewed as critical to control of the Senate. She says party leaders face pressure over the candidate vetting process as delegates prepare to select a nominee from a crowded field ahead of the filing deadline.
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Martha Gimbel, executive director and cofounder of the Budget Lab at Yale University, says artificial intelligence is unlikely to offset the economic challenges of an aging population, arguing the US is confronting two major transitions at the same time rather than one solving the other. She says AI could improve productivity in some areas, particularly by helping caregivers with physically demanding tasks, but questions whether consumers will embrace automation in roles where human interaction remains essential.
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“We believe Mexico is a really important milestone for our great brand as we continue to lean into our global strategy. It’s an important country for us, we recognize and admire the culinary heritage that is a part of the Mexican culture,” says Chipotle Mexican Grill CEO Scott Boatwright on the chain’s global expansion https://bloom.bg/4wKJnvc
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Delta Air Lines Chief Executive Officer Ed Bastian says higher fuel prices are not deterring travel. He says the carrier is actually seeing strong demand for premium, corporate and international travel. He also talks about how some customers are choosing a better seat on the plane over perks they could get in first class. He speaks to Bloomberg’s Lisa Abramowicz at Delta headquarters in Hapeville, Georgia on “Bloomberg Surveillance.”
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After SpaceX’s record-setting IPO, some investors like Danish pension fund AkademikerPension have already rejected the stock over what they call “catastrophic governance,” turning SpaceX into a test case for how much control public markets are willing to give founders https://bloom.bg/3EMZYZX
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@FinancialConsultdotcodotza
January 6, 2024 at 12:06 pm
It's just making space for a move to 5000. Still very bullish
@harrychu650
January 6, 2024 at 12:06 pm
As Cathie Wood says, sell your speculative stock and consolidate into you most high conviction holding. Buy buy buy Tesla.
@mustofakamal9054
January 6, 2024 at 12:06 pm
program mesin bagus
@tnwt9965
January 6, 2024 at 12:06 pm
very buyable headline driven dip imo
@bruce-ruhldesign168
January 6, 2024 at 12:06 pm
We really doubt it has anything to do with the variant and more to do with the fact "Black Friday" wasn't as "black" as expected. Saw mostly empty stores today…empty of people…
@caleb7799
January 6, 2024 at 12:06 pm
not that these ladies aren't doing an outstanding job, but where are the men on this show?? 😂😂😂😂
@TheJ000ker
January 6, 2024 at 12:06 pm
No spooks, government insiders are selling.
@michelleclark8099
January 6, 2024 at 12:06 pm
The REAL NEWS: ⬇️⬇️
The Rich got DOUBLY rich today:
1: They sold high their stock paper today and took great cash profits 😃💰💰💰💰
2. They also will take people’s 💰😃💰😃 money today as people pay their good money for the raggedy cheap imports on Black Friday.
The rich get richer and richer and richer. And then, the rich get richer. Boom‼️
@daddyyank2940
January 6, 2024 at 12:06 pm
its not about variant its about interest rates are going up tapering
@stressful5555
January 6, 2024 at 12:06 pm
HEX buy it
@rudyinthesky4967
January 6, 2024 at 12:06 pm
The end is near! Yea!
@emilioblomqvist8630
January 6, 2024 at 12:06 pm
<Cryptocurrency prices are notoriously volatile and it might be too early to tell whether the latest dip marks the start of a reversal of the 2021 bull market, or if it's just a correction on the way to new all-time highs. The one area of concern is that the move lower has seen crypto assets fall out of its multi-week ascending channel, turning the technical outlook from positive to neutral. While the long-term growth of digital assets still looks strong, the short-term correction has increased panic in the market…It doesn't matter if you are a current hodler or a new investor, you can always capitalize on the volatility of Cryptocurrencies by trading with the guidance of a professional. I have been trading Crypto for less than a month now and I was only able to make 9.2btc with signals provided by Smooth Strategy. He can easily be reached on Telegram💬as [smoothstrategy], or What'sapp✙14343741268📈☑.
@eufefo
January 6, 2024 at 12:06 pm
smokescreen
@chessdad182
January 6, 2024 at 12:06 pm
Nice. I added to my holdings.
@xMohJeex
January 6, 2024 at 12:06 pm
Buyable dip.
@imranarshad7302
January 6, 2024 at 12:06 pm
Shows how much algorithmic trading is happening by AI
@docjoei2224
January 6, 2024 at 12:06 pm
So Moderna is the source of the variants!!!
@hangender
January 6, 2024 at 12:06 pm
Only 2%. Wake me up when it's 50%
@docjoei2224
January 6, 2024 at 12:06 pm
Didn’t Jesus say you can’t serve both G-d and mammon? What are the Salvos doing at the stock exchange??
@marekkolenda9718
January 6, 2024 at 12:06 pm
This music was playing before Dow Jones drops 34,000 points and go up 36,000 points after few weeks
@marekkolenda9718
January 6, 2024 at 12:06 pm
Next year Fed new QE to stimulate economy
@marekkolenda9718
January 6, 2024 at 12:06 pm
Next week possible Covid lockdown for next 2 weeks