US Stocks Set for 3rd Straight Day of Decline
I'm PortAI, I can summarize articles.
US stocks are set for a third consecutive day of decline, with the S&P 500 and Nasdaq 100 down 0.8% and 1%, respectively. The Dow lost over 300 points as investors reassess rate cut expectations following strong economic data. Weekly jobless claims fell to 218K, and GDP growth was revised up to 3.8%, raising concerns about the Fed's easing plans. Tech stocks faced pressure, with Oracle down 5% and Tesla down 4%. CarMax plunged 20% after poor earnings, while Intel rose 7% on investment news with Apple. Investors await the PCE index for further insights.
Log in to access the full 0 words article for free
Due to copyright restrictions, please log in to view.
Thank you for supporting legitimate content.
Source: Trading Economics The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments