• Stocks fell significantly due to escalating US China trade tensions.
• Major stock indexes closed 2.5% lower, erasing weekly gains.
• Oil prices dropped 4.3%, raising concerns about the global economy. $XOM $CVX
• $GLD reached an ATH, while cryptocurrencies like $BTC fell.
• Utilities and Consumer Staples sectors performed better amidst the downturn.
• Ford's stock dropped 10% due to supply chain issues and tariffs. $F
• Ally Financial shows promise with expected earnings growth of 49%.
• UiPath shares rose 50% recently, highlighting the importance of research. $PATH
• Trade talks between the US and China may significantly impact stocks.
• A potential shift in US policy on Taiwan could trigger market chaos. $TSM
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