Reported 5 months ago
On May 22, 2024, major US stock indexes experienced a pullback from their record highs due to concerns over high interest rates, with the S&P 500 dropping 0.3%, the Nasdaq composite slipping 0.2%, and the Dow Jones Industrial Average losing 0.5%. This decline followed the release of minutes from the Federal Reserve's latest meeting indicating a longer-than-expected timeline to address inflation. Notably, Target saw a significant drop in its stock value after reporting lower-than-expected profits.
Source: YAHOO