US Stocks Post Biggest Drop In Almost Two Years

The video discusses a challenging day in the stock market, with major indices like the S&P 500 and NASDAQ experiencing significant declines. Tech giants such as Apple and Amazon also saw substantial losses. Despite lower yields on the 10-year treasury, the market did not benefit, as investors sought safety in treasuries. Bitcoin fell below $30,000, continuing its downward trend. Target's earnings missed expectations, with profit outlooks cut due to higher freight costs and inventory levels, mirroring Walmart's struggles. Cisco's stock plunged after hours due to supply chain issues, COVID lockdowns in China, the Russia-Ukraine conflict, and inflation concerns.

What was the percentage drop in the NASDAQ 100 during the session discussed?

• 6%

• 5%

• 3%

• 4%

Which major tech companies were mentioned as having significant losses?

• Netflix and IBM

• Facebook and Tesla

• Apple and Amazon

• Google and Microsoft

What was the main reason for Target's profit outlook being cut?

• Decreased sales

• Higher freight costs

• Lower demand

• Increased competition

By how much did Cisco's stock drop after their earnings report?

• 13%

• 12%

• 11%

• 10%

Which global event was mentioned as impacting Cisco's earnings?

• Middle East Conflict

• Brexit

• US-China Trade War

• Russia-Ukraine War