Index Falls Into Correction Amid Economic Uncertainty | Global News Avenue

Major U.S. stock index lost ground on Thursday due to concerns about the economy and Political uncertainty.

The S&P 500 index fell 1.4%, correct The Dow Jones Index closed its 1.3% meeting for the first time since 2023, and is also close to correction, while the Nasdaq fell 2%.

Adobe(adbe) Stocks have the heaviest loss in the S&P 500 S&P 500 index, falling 14.4% after web design, photo and video software manufacturers At a loss.

Supercomputer (SMCI) Stocks also fell, down 7.1% Volatile operation of server manufacturer inventory.

Ticketmaster’s Parents Live Nation shares (Leaf) fell 6.5%. The company is still Antitrust litigation The U.S. Department of Justice filed last year, federal officials accused the company of failing to retain text and chat messages related to the case earlier this week.

Intel(INTC) soared 14.2%, recording the highest daily performances of the S&P 500 after the chipmaker announced a former board member Lip-Bu Tan will become its new CEO. This move follows the report that TSMC(TSM) Close to other chip companies Regarding the establishment of a joint venture to operate Intel’s foundry business.

General of the US dollar (DG)Report More than expected sales In the fourth quarter, it helped drive earnings in discount retailers’ shares. However, the company said it weighed profitability on its store portfolio and was cautious about consumer spending capabilities. Dollar General shares rose 6.1%, while competitors’ stocks (dltr) grew by 5.8%.

Spot prices in gold rose to an all-time high, with concerns about tariffs and expectations for potential Fed rate cuts supported. Investors often use metal as a haven In a time of market uncertainty. Soaring prices provide an increase for mining stocks including Newmont (no), the world’s largest gold producer, shares climbed 4.8% on Thursday.