The US stock market fell on Thursday, Mar. 13, closing 10.1% below its previous peak, a decline that many analysts define as a “correction,” which is a slide ranging from 10% to 20%.
The CPI and PPI releases this week came in more or less at estimates - nothing to alarm the talking heads, anyway. They show inflation slowing down but not receding.
Bond market is warning of economic slowdown, causing investors to shift towards defensive assets like ETFs that focus on stability and essential industries.
Bank of America Securities views Vistra’s core business of baseload generation and competitive retail as well-positioned to benefit from tightening markets, increasing demand, and retail growth, regardless of data center deals.
The pullback coincided with a decline in Nvidia’s shares after the AI bellwether warned that its gross profit margins would be tighter than anticipated as it rolls out its new Blackwell chip design.
Sempra Energy shares rebounded after a record decline, but analysts remain cautious, citing weaker-than-expected earnings and increased regulatory risks.
