"Nasdaq Leads Market Slide as Bitcoin Hits New Record: Stock Market Update"

US stocks, led by the Nasdaq, dropped as uncertainty over interest rate cuts and concerns about "Magnificent 7" stocks weighed on the market, with Apple and Tesla contributing to the decline. Meanwhile, gold reached new highs on expectations of rate cuts and geopolitical tensions, and bitcoin touched a new record high. The upcoming US presidential election is also a focus for market analysts, with potential scenarios for fiscal and monetary policy changes being considered. Target's CEO mentioned the election, highlighting the need to provide a special shopping experience for consumers during uncertain times.