Reported 2 days ago
On Thursday, the Dow Jones Industrial Average broke a 10-day losing streak, its worst in 50 years, by gaining just 15 points, while the S&P 500 and Nasdaq continued to decline following a significant sell-off triggered by the Federal Reserve's shift in rate cut expectations. Bond yields rose, impacting cryptocurrencies, with bitcoin dropping nearly 5% to below $100,000. Market analysts are now considering the possibility of fewer rate cuts than previously anticipated.
Source: YAHOO