Risk-on momentum in stocks succumbs to mounting growth worries
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The stock market rally is faltering due to growth concerns; S&P 500 fell 4.25% last week; Nasdaq 100 experienced its largest drop since November 2022; US payrolls growth data indicates a cooling labor market; global growth worries include China and Germany; Federal Reserve interest-rate cut anticipated; S&P 500 up 13% in 2024; MSCI World Index up 10%; strategists predict only 1% gain for S&P by end of 2024; Nvidia Corp. significantly influences market sentiment; geopolitical tensions and US election uncertainties add to market risks; Kamala Harris and Donald Trump are key candidates; potential corporate tax changes could impact S&P 500 earnings; market sentiment expected to remain fragile.

#Stocks #Market #Economy #Growth #S&p500 #Nvidia #FederalReserve #UsElection #China #Germany

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