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U.S. stock futures went down on Monday after a rough week for Wall Street. The Nasdaq dropped a lot. The Dow Jones fell by 1.5%, about 600 points. The S&P 500 and Nasdaq-100 also went down by 2.8% and 4.9%. It was a tough week for stocks overall. The Nasdaq lost more than 10% from its record high. Japan’s stock market had a bad day too, entering a bear market. U.S. Treasury yields also dropped. This happened after a jobs report made investors worried about a recession. The S&P 500 is about 5.7% below its highest point. Some people think this is just a correction in the market. They believe the bull market trend is still strong. People will watch closely to see how the market does, especially with big companies like Apple. Economic data and speeches from Fed officials will also be important this week.
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Vocabulary List:
6 words · tap to reveal
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Futures/ˈfjuːtʃərz/noun
Contracts to buy or sell an asset at a predetermined future date and price.
Correction/kəˈrɛkʃən/noun
A decline in stock prices after a rise representing a temporary reversal.
Recession/rɪˈsɛʃən/noun
A period of economic decline characterized by falling GDP and employment.
Economic/ˌiː.kəˈnɑː.mɪk/adjective
Related to the economy or the management of resources.
Bear market/bɛr ˈmɑːrkɪt/noun
A market condition characterized by falling prices typically by 20% or more.
Yields/jiːldz/noun
The earnings generated and realized on an investment over a particular period expressed as a percentage.
