Reported about 1 month ago
US stocks faced declines as worries about economic growth and a sell-off in Nvidia shares weighed heavily on the market. The S&P 500 dropped over 0.2%, while the Nasdaq Composite fell more than 0.3%. Investors are adjusting their expectations for interest rate cuts following a decrease in job openings, with markets now pricing in a near 50% chance of a 50 basis point cut. Despite volatility, a significant number of S&P 500 companies have been outperforming the index, indicating a potential market rotation towards economically sensitive sectors.
Source: YAHOO