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New York Post
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Nasdaq plunges as consumer sentiment nears historic lows, panic over AI spending mounts

1. Consumer sentiment hits near all-time lows amid investor panic over AI spending. 2. S&P 500's tech stocks suffer, with major drops in Microsoft, Nvidia, and AMD. 3. Government shutdown deepens economic worries, with inflation also impacting consumer finances. 4. Palantir's valuation concerns emerge, contributing to market sell-off. 5. Small upticks in S&P 500 and Dow despite tech sell-off suggest investor resilience.

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FAQ

Why Bearish?

The article indicates a significant decline in consumer sentiment and tech stock values, which typically precedes a general market downturn. Historically, similar conditions like those in June 2022 have resulted in broader market sell-offs.

How important is it?

The combination of sinking consumer sentiment and significant AI valuation concerns creates an environment likely to negatively affect S&P 500 performance in the near term.

Why Short Term?

The immediate market corrections observed suggest that investor sentiment will remain unsettled in the short-term, particularly among tech stocks which heavily influence the S&P 500.

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