Stock Market Today: Nvidia Shares Rise Ahead of Earnings
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Meta Platforms (NASDAQ: META) stock has fallen 16% since the company's Q3 results were reported on October 29. This decline was primarily driven by two factors that concerned investors: a one-time $15.93 billion tax charge and the announcement of higher-than-expected capital expenditures for its AI initiatives.
The largest companies have seen their weighting in the S&P 500 rise more quickly than their share of total earnings
This means that even as ugly as the first chart is, there's no reason to sell all your crypto right now. Those who are saying it's time to run for the exits are panicked, and they won't be mentally positioned to take advantage of this period of lower prices as a result.