The volatility in stock markets worsened in the last few days. After fending off a pullback, the Nasdaq (QQQ) ETF rebounded from around $600 to nearly $620. It fell back to $600.64, down by 2.03% on Thursday.
That drop is a potential concern. For now, the relative volume of around 0.7 times suggests that the market panic might subside. Still, when most of the Magnificent 7, led by Apple (AAPL), dropped, investors should be on guard.
Apple stock lost 5%, its worst day since April 2025’s “liberation” tariff day. Federal Trade Commission Chair Andrew Ferguson sent a letter to CEO Tim Cook. He wants the firm to review Apple News on reports that the app has a bias against conservative outlets.
Bloomberg reported that the company might push back Apple’s struggling personal assistant, Siri, to May or later.
Amazon (AMZN) closed below $200, losing 10.37% in the last week. Tesla (TSLA) and Meta Platforms (META) declined. Broadcom (AVGO), Advanced Micro Devices (AMD), and Palantir (PLTR) traded lower.
In the entertainment industry, Netflix (NFLX) and Disney (DIS) accelerated their downtrend. In addition to the market’s worry about Netflix closing the Warner Bros Discovery (WBD) acquisition, demand for streaming services might fall. Consumers might continue to cancel their subscriptions as monthly pricing increases.
