Dow Jones and Nasdaq 100: Key Market Events to Watch This Week

invezz.com (Dutch) —

The Dow Jones and Nasdaq 100 have fallen sharply amid ongoing concerns about the artificial intelligence sector, with the Nasdaq 100 dropping to 28,840, its lowest level since September 16 and about 8% below its yearly peak. This week's earnings season is the main market catalyst, with Magnificent Seven companies like Amazon, Microsoft, and Apple reporting results. The Federal Reserve's rate decision on Wednesday is also key, with economists expecting rates to stay unchanged between 3.75% and 4%. Rising oil prices add pressure, with Brent crude at $117 amid potential US strikes on Iran. Analysts warn of a gap between AI spending and revenue, with Gartner predicting billions in future write-downs.


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