Reported 2 months ago
Economic worries are resurfacing on Wall Street as investors fear that prolonged high interest rates may be weighing on US growth. Recent data showing weakness in the labor market and manufacturing led to a notable selloff in stocks, particularly in tech. With expectations of a possible Fed rate cut in September, traders are increasingly cautious, evidenced by a rising volatility index and shifts towards defensive sectors like healthcare and utilities. Upcoming earnings reports will further influence market sentiment.
Source: YAHOO