Stock Market Update Wednesday August 28, 2024

Stock Market Update Wednesday August 28, 2024 Equitiy markets experienced an unexpected sell-off today. After trading slightly lower early on, the Nasdaq declined by approximately 1%, pulling the S&P 500 down by about 0.5% within the first few hours of the session. In the afternoon, both indices extended their losses.

Away From Stocks: Outside of equities, the U.S. dollar showed strength, while fixed income markets remained flat. Precious metals weakened, with silver dropping 2.5%, significantly more than gold's 0.75% decline. Miners underperformed relative to the decrease in the underlying metals' prices. Oil was down 1.34% and the VIX Closed at $17.10 up 10.89%

Berkshire Hathaway just hit a $1 TRILLION market cap! 🎉🚀💰 This milestone makes it the first non-technology company in history to achieve such a feat. A testament to Warren Buffett’s legendary investing strategy and the strength of diversified businesses. 📈🏆

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