From Yahoo Finance: 2024-04-18 00:11:13

US stocks slumped on Wednesday, with the S&P 500 marking its fourth straight loss as tech stocks led the decline. The Nasdaq fell over 1% as investors adjusted rate expectations following hawkish comments from Jerome Powell. Nvidia, Netflix, Meta, Apple, and Microsoft all saw losses, with the Fed signaling possible delayed rate cuts in 2024. The April Beige Book raised concerns over inflation, leading markets to view a June Fed rate cut as unlikely. Oil prices dropped, gold slipped, and the 10-year Treasury yield fell. Bitcoin also saw a decline. Investors await further Fed guidance on future policies.



Read more at Yahoo Finance: S&P 500 hits 4-day losing streak as tech stocks weigh down market