The stock market took a hit on Thursday, with the Dow Jones Industrial Average experiencing its worst day of the year so far. Despite Nvidia’s strong performance, the broader market saw significant losses, raising concerns about market breadth. On the cryptocurrency front, the SEC has made a rule change that could pave the way for Ether ETFs, following the success of Bitcoin ETFs.
In other news, the Department of Justice has filed a lawsuit to break up Live Nation, the parent company of Ticketmaster, over alleged antitrust violations. The company’s stock took a hit following the news. On a more positive note, there may be relief in sight for auto insurance costs, as Bank of America predicts a slowdown in premium increases.
However, Boeing is facing challenges ahead, with the company’s CFO warning of continued cash burn in 2024. Despite a tough second quarter, the company expects to start generating cash again in the second half of the year. Investors will be keeping a close eye on these developments as they navigate the market.
