Reported 12 days ago
The stock market experienced a downturn as major indexes, including the S&P 500 and Dow Jones Industrial Average, slipped from record highs. The Dow fell about 0.7%, while the S&P 500 declined by approximately 0.2%. Concerns over the economy's health and debates regarding potential Federal Reserve rate cuts contributed to the market's mixed performance, alongside disappointing consumer confidence readings and a decline in new home sales amidst rising mortgage rates.
Source: YAHOO