Reported 2 months ago
The stock market is experiencing significant declines as investors react to a surprise interest rate hike in Japan and concerns about a weakening US economy. The Nasdaq fell about 3.5%, while the S&P 500 and Dow also saw losses, fueled by fears of rising unemployment and recalibrated expectations for Federal Reserve policy. Analysts suggest that recent sell-offs indicate a broader shift in market sentiment rather than a straightforward collapse, highlighting the sell-off of high-flying tech stocks.
Source: YAHOO