Wall Street Falters, Magnificent Seven Hit 7-Month Lows, Gold Rockets On Haven Demand: What's Driving Markets Tuesday?

Q: How long will it take to read this news story?

The story "Wall Street Falters, Magnificent Seven Hit 7-Month Lows, Gold Rockets On Haven Demand: What&#039;s Driving Markets Tuesday?" has 368 words across 19 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Wall Street Falters, Magnificent Seven Hit 7-Month Lows, Gold Rockets On Haven Demand: What&#039;s Driving Markets Tuesday?" was covered 15 hours ago by Benzinga, a news publisher based in United States.

Q: How trustworthy is 'Benzinga' news outlet?

Benzinga is a fully independent (privately-owned) news outlet established in 2010 that covers mostly technology news. The outlet is headquartered in United States and publishes an average of 22 news stories per day. It's most recent story was published 9 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Neutral, indicating that people are not responding positively or negatively to this news.

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #27155263</li><li>URL: https://beamstart.com/news/wall-street-falters-magnificent-seven-174232075261</li></ul>

Benzinga Logo Benzinga 15h ago

Wall Street Falters, Magnificent Seven Hit 7-Month Lows, Gold Rockets On Haven Demand: What's Driving Markets Tuesday? - Benzinga

Quick Summary:

Data from Bank of America's Global Fund Manager Survey, released Tuesday, signaled a significant shift in asset allocation.Investor exposure to U.S.equities plunged 40 percentage points month-over-month to a net 23% underweight, the lowest level since June 2023.

Investors weighed the economic impact of potential tariffs from the Trump administration while questioning whether the long-standing dominance of U.S.equities has peaked.The S&P 500 fell 1.1%, while the tech-heavy Nasdaq 100 dropped 1.5%.

Volatility returned to Wall Street on Tuesday, with all major indexes trading in negative territory by midday in New York.