Stock Market Drops as Investors Assess Interest Rate Outlook

Reported 2 months ago

U.S. stocks fell on Monday as investors reevaluated their expectations for interest rate cuts following a strong jobs report. The Dow Jones Industrial Average slipped 0.3%, the S&P 500 decreased by about 0.2%, while the Nasdaq Composite experienced a 0.4% decline. Concerns over a potential response from Israel to Iran's recent missile strikes also impacted oil prices, which rose significantly. Traders are now anticipating key inflation data later this week and the start of earnings season.

Source: YAHOO

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