TheDrop Market Analysis, 12/10/24

Stocks slid as investors brace for critically important inflation data.

Each individual index funds fell between 0.2-0.4%, signaling a general trend over the course of trading hours that investors are fearing a possible negative outcome from the pending inflation data.

Most major stocks fell, including but not limited to Amazon, Nvidia, Intel, Microsoft, and SMCI. Ashtead and Lucid took very heavy losses.

Walgreens shot through the roof after rumors of possible buyout talks, which could possibly remedy the dire situation of the pharmaceutical company. Meanwhile, with even more strength, Ströer SE & Co. KGaA, a rising tech giant in Germany, rose by an astonishing 80%, as the company is becoming more notable as a volatile yet margin-heavy penny stock. Not only that, but SOTDF has constantly outperformed in its earnings reports and its making an impression of its own abroad.