Steam Exchange USD Price & Performance (STEAMXUSD)

Investor sentiment is becoming increasingly cautious as U.S. stocks near record highs. Indicators like the American Association of Individual Investors' data show optimism at its lowest since late 2023. Meanwhile, pessimism remains elevated, reflecting concerns about the market's future trajectory and potential loss of momentum after years of gains.1

The S&P 500 narrowly avoided entering correction territory after a volatile session saw it drop 10% from its record high before a late rally. Major tech firms, including Apple and Nvidia, contributed to the decline. The Nasdaq 100, already in correction, continues to face challenges amid growth fears.2

U.S. stocks suffered steep losses, with the Dow dropping nearly 900 points and the Nasdaq seeing its worst performance since 2022. Concerns over a potential recession and inflation pressures have rattled investors, while tech stocks like Tesla and Nvidia faced sharp declines during the sell-off.3