Reported 2 months ago
The S&P 500 Index dropped 3% on Monday, marking its largest one-day decline since September 2022, fueled by rising concerns about the US economy and significant sell-offs in the tech sector. Major tech stocks, including Nvidia and Apple, experienced steep losses, with the broader market reacting to deteriorating economic indicators and Federal Reserve anxieties. The volatility is expected to continue amid fears of a deeper economic downturn.
Source: YAHOO