Reported 2 months ago
US stocks experienced a decline on Monday, with the Dow Jones falling nearly 400 points and the S&P 500 and Nasdaq also dipping as the 10-year Treasury yield exceeded 4% for the first time since August. This drop follows a strong jobs report that diminished expectations for a significant rate cut from the Federal Reserve. Notably, oil prices surged due to geopolitical concerns tied to Israel and Iran, while major tech stocks suffered losses, particularly Alphabet and Amazon.
Source: YAHOO