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- Summer Holidays Are Over, Back To School We Go
Summer Holidays Are Over, Back To School We Go
September means back to school for many households, this one included. Personally, it feels like the summer holidays went too fast. Still, for investors, the summer period has maybe felt longer given it’s been very bumpy, particularly if you have held a larger portion in US technology.
US technology stocks are tracked by the Nasdaq index which has lost over 4% since 1st July. One key player in this index is Nvidia, whose shares, on Tuesday, lost nearly 10%. This wiped nearly $ 300 billion off the company's value, the largest single-day loss for a company in US stock market history. This downturn is linked to data showing a slowdown in the US economy, uncertainty ahead of interest rate decisions this month and, possibly, a subpoena to the firm to provide evidence over anti-trust issues.
Key Articles I Have Read This Week:
US jobs data will be released this afternoon, find out why it matters and why investment market related news will keep bringing it up: Read it here
iNews speaks to younger workers to find out why they are not saving into their pensions. A good way to understand the pressures on younger workers and how they view pensions: Read it here
Investment Markets This Week:
Based on open source data 6/9/24
Best Cash Savings Rates This Week
Based on open source data 6/9/24