All three major market indexes continued a fourth day of sell-offs on Tuesday over concerns about artificial intelligence-related stocks. Paul La Monica, senior markets analysis writer at Barron's, joins "The Daily Report" to break it down.

New York

All three major U.S. stock indexes continued their decline for a fourth consecutive day, largely attributed to investor concerns about the high valuations of artificial intelligence-related stocks. The S&P 500 is now experiencing its longest losing streak since August, with market participants awaiting key earnings reports from companies such as Nvidia, Target, Lowe's, and TJX for further direction.

Market analyst Paul LaMonica advised that while the recent sell-off may be unsettling, it does not yet constitute a correction. He recommended that investors avoid making drastic changes to their portfolios and instead review their asset allocations, particularly balancing growth stocks with value stocks and bonds.

Concerns over AI-related companies driving stock sell-off

All three major indexes continued their sell-off for their fourth straight day today, for their fourth day, with continued concerns about artificial intelligence-related stocks. The markets closed in the red, extending losses that began late last week. With more losses today, the S&P 500 is now in its longest losing streak since August. Joining me now is Paul LaMonica. He is a senior markets analysis writer at Barron's, covering macro investing trends and stocks-making headlines. Thank you so much for being here. Why is this sell-off happening right now? Yeah, I think that investors are questioning whether or not AI stocks really are worth the premium price. We're going to find out tomorrow, after the closing bell, if Nvidia earnings live up to the considerable hype. If they don't, or if their guidance isn't all that great, that could lead potentially to more downside ahead on Thursday. But tomorrow morning is going to be interesting, because we have to wait for those Nvidia results. But we are going to get, in the morning, earnings from Target, Lowe's, TJX. And we'll see whether or not consumers are still spending. Home Depot's results this morning weren't great. I think that has contributed to some of the concerns that maybe consumers are pulling back and that the economy might be slowing. What does this all mean for people at home who might be thinking about buying a home, or maybe they're worried about their money that they have invested in their 401k? If you are looking to buy a home, if you already have a good down payment and that's not dependent on stock market moves, then hopefully you shouldn't have to worry too much. And interest rates have come down a little bit with the Fed rate cuts. They might come down a little bit further. Obviously, housing prices are still relatively high, and mortgage rates aren't that low yet. So that's a bit of a concern if you're a first-time home buyer. If you have money in a 401k, the advice that always people give is, unless you think you're retiring tomorrow, do not panic. This is not a time to make wholesale changes to your portfolio. Maybe you look at what you own in your 401k and kind of tinker. If you own too many growth stocks and not enough dividend-paying value stocks or even bonds for that matter, that can give you a little bit of income when you might need it in retirement. But again, do not panic just because we've had this sell-off. Remember, we're not even in a quote-unquote correction yet, 10% down from all-time highs. So that's a pretty mild pullback. It's just pervasive because it's been a couple days in a row, and it doesn't look great. Appreciate the reality check, Paula Monaco. Thanks so much. Thank you.

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Washington

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Jerusalem

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London

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Warsaw

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Paris

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Tel Aviv-Yafo

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Dhaka

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Caracas

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Pacific Palisades

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Breakdown