Wall Street indices slumped by the end of yesterday's session and erased daily gains. S&P 500 finished 0.51% lower and Nasdaq slumped 0.93%. Dow Jones and small-cap Russell 2000 trimmed big part of gains, but managed to close 0.20% and 1.26% higher, respectively
Almost all of Magnificent 7 stocks finished yesterday's trading lower. Meta Platforms and Nvidia dropped 1.7%, Amazon and Apple were 0.5% down, Alphabet slumped 3.1% and Microsoft plunged 2.4%. Tesla bucked the trend with an almost 2% gain
Ford Motor slumped 18% yesterday after reporting disappointing results, putting pressure on other carmakers, like General Motors (-5.1%)
Semiconductor stocks other than Nvidia also took a hit yesterday, with AMD dropping over 4% and Qualcomm moving over 3% lower
Morgan Stanley says that ongoing pullback began as a rotation into small-caps, but is now a deleveraging
In spite of a mixed session on Wall Street, indices from Asia-Pacific traded mostly hgiher today - Nikkei gained 0.1%, while S&P/ASX 200, NIfty 50 and Kospi moved around 0.8% higher each
Indices from China traded mixed, with Hang Seng trading little changed on the day
European index futures point to a flat or slightly lower opening of today's cash session for major blue chips indices from the Old Continent
Cryptocurrencies gain, recovering yesterday's losses. Bitcoin gains 1.8%, while Ethereum trades 2.4% higher
Energy commodities trade slightly higher - oil gains 0.1%, while US natural gas prices are up 0.3%
Precious metals gain, recovering part of yesterday's declines - gold gains 0.3%, platinum adds 0.5% and palladium rallies 1.3%. Silver is a laggard with 0.3% drop
AUD and EUR are the best performing major currencies while CHF, USD and NZD lag the most
Core CPI inflation in Japanese Tokyo area accelerated from 2.1% to 2.2% YoY in July (exp. 2.2% YoY)