1. S&P 500 fell over 1% due to tech-led sell-off. 2. Broadcom shares plunged 11%, impacting market sentiment. 3. Fear & Greed Index dropped to 42.2, indicating market fear. 4. Most S&P sectors were negative, excluding consumer staples and healthcare. 5. Investors are awaiting earnings from several companies today.
FAQ
Why Bearish?
The significant sell-off in tech stocks often triggers more selling, as seen in past corrections.
How important is it?
Current fear sentiment and tech stock volatility can lead to significant S&P adjustments.
Why Short Term?
Short-term market moves are often driven by current sentiment and earnings reports.