Before the pandemic, most parents limited screen time at home and many schools were nearly screen-free. Now it seems that screen-free schooling is never to return: an October report found that 8 in 10 middle and high school students had devices assigned to them, and if you’re not a parent, the time the kids are spending on those devices might surprise you.
Stocks wiped out early gains from post-Nvidia earnings euphoria, as the chip designer’s blowout earnings weren’t enough to ease investors’ concerns of bloated valuations and an AI bubble
It was a wild session, with US stocks suffering one of their most stunning reversals in decades. Only four times in the more than 32-year history of the SPDR S&P 500 ETF has the fund opened at least 1.5% higher only to end the session down 1.5% or more.
One of those days was April 8 of this year, when the White House said tariffs on China were going up to above 100%. Two of those days occurred in October 2008 (on the 7th and the 9th), as the fallout from the unfolding financial crisis was spreading after the prior month’s collapse of Lehman Brothers and the VIX Index — Wall Street’s so-called “fear gauge” — was routinely above 50.
The fourth time was yesterday. Ouch!
