Benzinga examined the prospects for many investors’ favorite stocks over the last week — here’s a look at some of our top stories.
This week, global markets experienced significant volatility due to escalating trade tensions and disappointing tech earnings. President Trump’s announcement of impending tariffs on imports from Canada, Mexico, and China led to a broad selloff in equities, with the S&P 500 erasing its gains for the year.
Technology stocks were notably impacted; Nvidia Corp. (NASDAQ:NVDA) shares fell sharply after underwhelming earnings, contributing to a broader decline in the semiconductor sector. Cryptocurrency markets also suffered, with Bitcoin (CRYPTO: BTC) dropping below $80,000 amid the heightened market uncertainty.
In the fintech sector, Block Inc. (NYSE:SQ) led a selloff after reporting mixed fourth-quarter results, causing its stock to plunge 18% — the most significant single-day drop since March 2020. Despite the downturn, some analysts view the current valuation as an attractive entry point, anticipating growth in the company’s Square and Cash App segments.
Benzinga provides daily reports on the stocks most popular with investors. Here are a few of this …
