Reported 5 months ago
U.S. stocks, led by the Dow, fell due to concerns over tight monetary policy despite positive economic data and Nvidia's optimistic forecast. Technology stocks rose amid S&P 500 losses, influenced by Nvidia's chipmaker announcement, while jobless claims dropped and PMI data showed accelerated U.S. business activity. The outlook shifted to interest rates and inflation after the Fed's data, causing global stock markets to decrease, U.S. Treasury yields to rise, and the dollar to strengthen. Crude oil declined and gold prices dropped post-Fed minutes release.
Source: YAHOO