“Wall Street tumbles again: tech stocks drag indices to two-week lows – ReutersUS stock markets fell sharply, pushing the S&P 500, Nasdaq, and Dow Jones indices to two-week lows. This occurred due to a
sell-off in technology companies and concerns about the economic stability of the United States.
”, — write: unn.ua
DetailsShares of giants Microsoft and Nvidia lost 1.8% and 3% respectively, dragging down the information technology sector. The SOX semiconductor index fell by 2.4%. Qualcomm dropped almost 5% after warning of a possible reduction in orders from Samsung, and DoorDash lost 16.5% after a weak earnings report.
US markets continue to rise, stocks set new records – AP03.10.25, 20:13 • 4429 views
The consumer goods sector also suffered losses – Tapestry shares fell by more than 10%, while Tesla fell by 4.5% ahead of a shareholder vote on Elon Musk’s compensation.
We have uncertainty about the Fed’s decision next month on where rates will go, markets are a bit cautious right now. It’s been a great few months for the market, and a small corrective phase is needed here.
Analysts point out that the wave of layoffs in the US, according to Challenger, Gray & Christmas, has reached its highest level in 22 years, which only reinforces the uncertainty. Against this background, investors are awaiting signals from the Federal Reserve regarding a possible rate cut.
Wall Street indices hit new records amid US-China trade talks and expected Fed rate cut27.10.25, 18:58 • 16055 views