Wall Street drops to one of its worst days since April on worries about AI stocks and interest rates
Markets reacted to the end of the US government shutdown as Federal Reserve rate cut odds dropped to about 50%, triggering broad selling in major US stock indexes.
- This week, U.S. stocks slid as post-shutdown optimism faded, with tech-led selling pressuring major indexes including the Dow Jones Industrial Average and Nasdaq Composite.
- Washington returned to work after a record 43-day shutdown, restarting delayed data from the Bureau of Labor Statistics, the Bureau of Economic Analysis, and the Census Bureau amid signs of slowing jobs and rising inflation.
- The Dow has been faring better as its 30-constituent slice offers less tech-centric options, while analysts at Oppenheimer raised Nvidia's target to $265 despite recent stock declines.
42 Articles
42 Articles
Dow Jones Today: Stocks Sink After US Government Shutdown Ends; Dow Drops 800 Points Following Record Close; Tech Shares Lead Declines
Major stock indexes ended sharply lower Thursday, a day after President Donald Trump signed a funding bill to end the longest federal shutdown in U.S. history, as technology shares dragged the Nasdaq.
Stocks Fall as US Reopens Amid Cloudy Fed Outlook: Markets Wrap
Heavy selling resumed on Wall Street, halting a weeklong respite spurred by the US government reopening, as hawkish statements from Federal Reserve officials ahead of a deluge of economic data spurred traders to dump risky assets from tech stocks to crypto.
Stock Rotation Hits Big Tech as Fed Clouds Gather: Markets Wrap
(Bloomberg) -- Wall Street traders bracing for a data deluge after the US shutdown’s resolution drove stocks and bonds lower on concern over whether the reports will be able to clear the path for a Federal Reserve rate cut.
Wall Street has its worst day in a month as traders dial back expectations for Fed rate cuts
By John Towfighi, CNN New York (CNN) — US stocks were sharply lower Thursday as investors sold shares in technology companies and assessed how long it might take for economic data releases to be rebooted after the end of the government shutdown. The Dow was down 832 points, or 1.73%. The broader S&P 500 fell 1.79%, and the tech-heavy Nasdaq Composite slid 2.49%. The House on Wednesday evening approved a funding measure that had been passed by th…
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