Reported 2 months ago
US stocks fell sharply on Thursday, led by a 2.3% decline in the Nasdaq Composite and significant losses in technology stocks, particularly in the semiconductor sector. This downturn followed disappointing economic data showing increased jobless claims and a drop in manufacturing activity, leading the 10-year Treasury yield below 4% for the first time since February. The market reaction reflected growing fears about a cooling economy, despite anticipated interest rate cuts from the Federal Reserve.
Source: YAHOO