Reported about 6 hours ago
President Trump criticized Federal Reserve Chairman Jerome Powell, calling for rate cuts and referring to him as a 'major loser,' triggering a notable decline in major stock indexes. With all sectors closing in the red, the market's downward trend reflected investor concerns amid heightened uncertainty regarding interest rates and upcoming tech earnings, particularly from Tesla. Analysts suggest that the upcoming earnings reports will serve as crucial indicators of market sentiment amid the ongoing sell-off.
Source: YAHOO