Reported 5 days ago
Global stock markets fell for the third consecutive day as elevated U.S. Treasury yields lead to profit-taking at the end of a strong year for equities. All three major U.S. indexes experienced declines, with the Dow Jones down 1.60%, S&P 500 falling 1.66%, and Nasdaq dropping 1.89%. Concerns over high stock market valuations due to the Federal Reserve's cautious rate-cut approach and potential inflationary effects of incoming policies have further fueled downward pressure on stocks.
Source: YAHOO