Reported 5 months ago
Stocks experienced a slide on Thursday, with the Dow Jones Industrial Average suffering its worst day in a year, dropping over 1.5% or 600 points. This decline was attributed to interest rate concerns following Nvidia's strong earnings not being enough to boost the broader market. The S&P 500 fell nearly 0.8%, the Nasdaq Composite dropped about 0.4%, and a 7% decline in Boeing shares further weighed on the Dow. Additionally, economic data pointing towards accelerated business activity fueled worries about interest rate hikes, leading to a dampening of investor sentiment.
Source: YAHOO