Market Selloff & Tech Slump ā S&P 500 Drops 1.5% on Recession Fears, Tesla Erases 91% Election Rally, AppLovin Faces Pressure but Citi Stays Bullish
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Hereāre the stocks with notable attention/movement for today, 3/10.
Overall, our AI shows a bearish stance on general market news but a slightly more bullish outlook on todayās AI-related events.
Hereās a breakdown of key stock events by our AI Event signal for today, 3/10.
Top 3 Must-Know News Stories for Today, 3/10.
Our AI cuts through the noise, saving you 13 minutes by delivering the heart of todayās events in seconds!
Forbes
BearishShortTermS&P 500Economics
Stock Market Comeback Erased: Dow Sinks As Trump Says Don't āWatch The Stock Market'
- S&P 500 declined 1.5% amid fears of recession.
- Trump's tariff policies are causing market uncertainty.
- Goldman Sachs raised recession odds to 20% within 12 months.
- Major tech stocks, like Nvidia and Tesla, suffered significant losses.
- Morgan Stanley maintains a bullish long-term outlook for S&P 500.
Barrons
BearishShortTermAPPIndustry News
AppLovin Stock Is āUnder Significant Pressure.ā This Analyst is Upbeat. - Barron's
- AppLovin shares dropped 8.66% amid bearish market sentiment.
- Analyst Jason Bazinet projects potential gains for APP in 2025.
- Short sellers raised concerns about AppLovin's ad compliance practices.
- Despite downturn, APP gained nearly 351% annually, showing resilience.
- Citi maintains a Buy rating with a target price of $600.
Forbes
BearishShortTermTSLAIndustry News
Tesla Stock's Election Rally Is All GoneāErasing 91% Gain
- Tesla shares fell 8% to $241, lowest since November 2020.
- Analyst forecasts expect a 5% decline in Tesla's 2025 vehicle deliveries.
- Analyst forecasts expect a 5% decline in Tesla's 2025 vehicle deliveries.
- Market concerns are linked to Trump's economic policies affecting tech stocks.
- Musk's net worth has dropped $134 billion due to falling Tesla shares.
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