Reported about 23 hours ago
On January 7, 2025, major US stock indexes fell sharply following unexpectedly strong economic reports, indicating a robust job market and business activity. The S&P 500 dropped 1.1%, the Dow Jones Industrial Average declined by 0.4%, and the Nasdaq composite fell by 1.9%. The positive economic news raised concerns that the Federal Reserve might not lower interest rates, leading to increased Treasury yields and significant losses for major tech companies.
Source: YAHOO