Reported about 6 hours ago
US stock markets experienced significant losses on Thursday, driven by concerns over high valuations in tech stocks and an overall risk-off sentiment. The Dow fell 507 points (1.07%), with the Nasdaq Composite dropping 1.84% amid fears of a bubble and a weakening job market. Investors shifted towards government bonds as layoff announcements surged, prompting discussions around potential interest rate cuts by the Federal Reserve. This marks a stark reversal after months of gains fueled by strong corporate earnings and enthusiasm for AI, raising alarms about market sustainability.
Source: YAHOO