TimothyX
03-30 15:55
U.S. Market Summary Indexes Extend Losing Streak, Energy Leads Broad Weakness
NASDAQ, Dow corrections: Major indexes fell for a fifth straight week. NASDAQ -3.2%, S&P 500 -2.1%, Dow -0.9%.

Style reversal: Growth stocks underperformed value; growth -13% YTD vs value slightly positive.

Small beats large: $iShares Russell 2000 ETF(IWM)$ +0.5% weekly, $iShares Russell 1000 ETF(IWB)$ -2.0%.

Burst of energy: Energy stocks $Energy Select Sector SPDR Fund(XLE)$ +6% weekly; +13% since Mar 1, +41% YTD, supported by oil & gas price gains.

Sentiment slips: U.S. consumer sentiment dropped to 2026 low, reversing recent improvements.

Yields rise again: 10-year U.S. Treasury yield hit 4.43%, highest in over 8 months.

Jobs ahead: March jobs report due Friday; Feb saw 92,000 job losses, third decline in five months.

Meta Biggest Drop Ever: Capex Concerns Back, Enters Buy Zone Again?
Meta plunged 8% in its worst session since October 2023. First, a landmark ruling from a California jury on Wednesday found Meta and YouTube liable for "negligent platform design" leading to social media addiction in minors. Simultaneously, Meta confirmed it is expanding its El Paso, Texas data center project from a $1.5 billion initial plan to a staggering $10 billion megaproject. Aiming for 1 Gigawatt (1GW) of power capacity by 2028. Can Meta maintain its 30%+ operating margins if "Addiction Taxes" (legal settlements) become a recurring cost? Is it entering buy zone again?
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment