Yesterday, the stock market experienced a significant drop with the S&P 500 falling by 3%, the Dow Jones by 2.5%, and the Nasdaq by 3.5%. The decline was attributed to concerns about rising inflation and potential interest rate hikes by the Federal Reserve. This resulted in over $1 trillion of market value being wiped out. Technology stocks were hit the hardest, with giants like Apple and Microsoft seeing a decrease of more than 4%. Investors are closely monitoring the situation and bracing for further volatility in the coming days.
