From Investing.com: 2024-07-25 05:53:00

Stocks are facing pressure as US indices had a rough day. Tech stocks led the correction amid concerns of a Fed rate cut and the US election. A busy calendar today includes Q2 2024 data and June durable goods orders. The US Presidential race intensifies with Kamala Harris attracting funds and Obama’s potential impact. The Euro is weak against the Dollar due to poor euro area data, fueling ECB rate cut expectations. The Bank of Canada announced a second rate cut due to economic concerns, with more action possible. The PBoC surprised with a rate cut, worrying markets about the housing sector. Gold and Aussie and Kiwi currencies continue to struggle amid market volatility.



Read more at Investing.com: Stock Market Correction Gathers Momentum; US Dollar Benefits From Euro Weakness