The Stock Market is Struggling with Fluctuations: What Will Happen?

Current Developments in US Markets

US stock markets recovered on Friday after deep losses. Wall Street showed recovery efforts following the sharpest sell-off amid reduced faith in interest rate cuts in December and the effects of the longest government shutdown in history. The Dow Jones Industrial Average (%DJI) fell by approximately %0.4, while the S&P 500 (%GSPC) increased by %0.2 and the Nasdaq Composite Index (%IXIC) gained %0.6.

With this Friday's rebound, the market managed to maintain weekly gains. In previous trading sessions, major indices experienced their sharpest daily losses in a month. Technology stocks reduced their losses due to shifts from higher-valued sectors to less valued ones amid concerns about artificial intelligence. Nevertheless, Tesla (%TSLA) stocks continued to come under pressure, dropping below %400 before showing a rebound. Nvidia (%NVDA) stocks also recovered and traded positively.

Bitcoin Market Decline

Bitcoin (%BTC-USD) remained in a negative situation, falling below the $96,000 level and reaching its lowest point in six months. The cryptocurrency is trading over %20 below its peak level in October. Concerns that the Federal Reserve will slow down the pace of interest rate cuts intensified the atmosphere of fear. Investors noted that the likelihood of a quarter-point rate cut, which was at %95 a month ago, is now below %50.

Walmart and Economic Data

After Walmart (%WMT) CEO Doug McMillon announced his departure, shares dropped by %2.5. Senior executive John Furner will be appointed as the company's new CEO. In China, economic data for October revealed that retail sales increased by %2.9 year-on-year, highlighting the end of rapid growth.

US investors, influenced by these developments, sought safe havens as gold prices rose after a prolonged period of decline. Uncertainties caused investors to turn to gold due to the effects of both the government shutdown and data releases.