Tech Stocks Plunge as Interest Rate Concerns Weigh on Wall Street
Wall Street faced another challenging day with the S&P 500 and Nasdaq falling sharply amid persistent interest rate and geopolitical worries.
- Wall Street experienced significant losses, with the S&P 500 and Nasdaq recording sharp declines due to ongoing concerns over interest rates and geopolitical tensions.
- Tech giants like Nvidia and Netflix saw substantial drops, contributing to the broader market downturn.
- The geopolitical landscape added to market volatility, with Israel's strike on Iran intensifying investor caution.
- Federal Reserve officials signaled a more hawkish stance, suggesting that interest rate cuts might not occur as soon as anticipated.
- Despite some sectors showing resilience, such as the Dow Jones managing modest gains, the overall market sentiment remained subdued.
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