Reported about 2 months ago
In today's trading, U.S. stocks experienced a decline led by the technology sector, with the S&P 500 down about 0.9% and the Nasdaq falling nearly 1.7% amidst investor anticipation for Federal Reserve Chair Jerome Powell's upcoming speech at the Jackson Hole symposium. Key tech stocks like Nvidia suffered losses, while the labor market showed signs of cooling, contributing to discussions around potential interest rate cuts by the Fed next month.
Source: YAHOO