Reported about 11 hours ago
The stock market is experiencing a downturn, led by tech shares as investors raise concerns about inflated valuations following positive earnings reports. The Nasdaq dropped over 1.4%, with the S&P 500 and Dow also declining significantly. Analysts are questioning the sustainability of this year's tech rally, noting the risk of a market correction ahead, particularly highlighted by Palantir's stock plummeting despite strong results. This comes during a prolonged government shutdown that is delaying critical economic data.
Source: YAHOO