US Stocks Open the Week on a Rocky Note as Investors Grapple with Growing Concerns Over Economic Growth and Policy Shifts

The U.S. stock market opened the week on a rocky note as investors grappled with growing concerns over economic growth and policy shifts.

The U.S. stock market opened the week on a rocky note on Monday morning, with major indexes tumbling as investors grappled with growing concerns over economic growth and policy shifts.

The Dow Jones Industrial Average dropped 423 points, or 0.9%, to trade at 46,016, while the S&P 500 fell 2%. The Nasdaq Composite faced the steepest decline, plunging 3.2%, as tech-heavy stocks experienced heightened volatility.

The downturn comes on the heels of last week’s brutal selloff, which saw the stock market post its worst performance in two years.

The Magnificent 7

The widely followed “Magnificent 7″ tech stocks were all in the green on Monday. Among the notable movers, Nvidia (NASDAQ:NVDA) stock decreased 5% after a strong rally last week. Tesla (NASDAQ:TSLA) shares slumped 8.8%, wiping out their post-election rally. The downturn comes as Anthony Scaramucci predicts Elon Musk will be "burned" by Trump in 6-8 months.

Meanwhile, Palantir (NYSE:PLTR) shares traded lower on Monday morning as the broader market faced downturn pressure.

The کاهش در قیمت مصرف‌کننده در چین

Stocks in Hong Kong took a hit on Monday after China reported that consumer prices fell during the January-February period, fueling concerns of persistent deflationary pressures in the world’s second-largest economy.

Key Inc. (NYSE:) Stock Stories Today

Airbnb (NASDAQ:ABNB) shares rose after Jefferies upgraded the company to Buy from Hold and raised the price target to $170 from $130. The firm highlighted the company’s strong long-term growth potential and the expansion of its “experiences” segment as key positives.

Bally’ਸ (NYSE:) stock price jumped over 4% in premarket trading on Monday after the casino operator proposed a $150 million recapitalization plan for Australia’s Star Entertainment (ASX:), giving it a potential majority stake in the company.

Cognizant (NASDAQ:) shares advanced 2.5% after reports that activist investor Mantle Ridge has built a $1 billion holding in the technology services giant, sparking speculation about strategic shifts.

Coinbase (NASDAQ:) shares took a sharp 10% dive in premarket trading on Monday after S&P Dow Jones Indices decided against including the crypto exchange operator in the S&P 500, dampening investor confidence.

Despite initially rising in premarket trading, DoorDash (NYSE:) shares dropped 3.8% after being added to the S&P 500. The stock’s inclusion failed to generate lasting momentum amid broader market weakness.

IBM (NYSE:) shares rose about 1% after the U.S. Supreme Court refused to reinstate a $1.6 billion award against the company in a legal battle with KKR (NYSE:) (OTC:KPEA)C-owned BMC Software.

Oracle (NYSE:) will be closely watched as it prepares to release its quarterly earnings report after the market close. Analysts expect earnings per share of $1.49 and revenue of $14.38 billion. Ahead of the earnings announcement, Oracle shares decreased 4.6% in morning trading. Investors will be keeping an eye on the company’s cloud computing growth and enterprise spending trends.

As traders and investors navigate ongoing uncertainty, they’ll be looking for key economic data releases, corporate earnings reports, and potential policy shifts that could influence market sentiment in the coming weeks. With recession concerns looming and global headwinds in play, we can expect more volatility in the market.