Reported 2 days ago
On August 29, 2025, major U.S. stock indexes fell, with the S&P 500 down 0.64%, driven by a significant drop in technology shares, particularly Marvell Technology which plummeted over 18%. The declines were exacerbated by disappointing economic data, including a drop in consumer sentiment and rising inflation pressures, although personal spending showed resilience. Market sentiment turned cautious as investors reacted to potential interest rate cuts by the Federal Reserve amid ongoing tariff concerns.
Source: YAHOO