Dow is Down 670 Points Marking One of the Biggest Single-Day Drops in American Financial History
The Dow closed down around 670 points, the biggest drop in two years. John Petrides is the Managing Director and Portfolio Manager at Point View Wealth Management, Inc. Petrides joins Cheddar to help explain why the market experienced such a drop today.
Petrides says interest rates could have had a part of the drop.
Petrides says this should be treated as a buying opportunity. When it comes to which sectors to focus on, Petrides thinks there will be more activity for the banking and financial sector. He also thinks the healthcare sector will also be strong as the world population continues to age.
Angelo Zino, Senior Vice President and Technology Equity Research Analyst at CFRA, breaks down Big Tech earnings, AI spending, and what's next for the Mag 7.
Big Tech is pouring billions into AI. Ray Wang, CEO of Constellation Research, explains what Meta and Microsoft's earnings reveal about those investments.
Morningstar equity analyst Nicolas Owens explains Boeing's latest earnings, deliveries, rising fuel costs, and what they mean for airlines and investors.
