Reported about 20 hours ago
The US stock market experienced a significant decline as the S&P 500 Index fell to an 11-month low, erasing over $5.4 trillion in value within two trading sessions. This downturn was largely influenced by Federal Reserve Chairman Jerome Powell's comments indicating that the tariffs imposed by the Trump administration could have a lasting effect on inflation. The market saw all 11 sectors decline, with major stocks like Nvidia, Apple, and Tesla falling sharply. Amid growing recession fears and escalating trade tensions, analysts predict further economic pain unless policy changes are implemented.
Source: YAHOO