Reported 2 months ago
Wall Street is experiencing a significant sell-off, with the Dow Jones dropping over 1,200 points in a single day, primarily due to a correction in tech stocks and concerns over a slowdown in hiring. While the economy is currently showing positive growth, analysts fear that continued market declines could undermine consumer confidence and spending. The Federal Reserve has been hesitant to cut interest rates despite these market movements, complicating the outlook for both investors and the broader economy.
Source: YAHOO