S&P 500 and Dow Jones fall from record highs, driven by inflation and interest rate fears

From Google: 2024-10-22 10:01:00

The S&P 500 and Dow Jones continue to drop further from record highs as Wall Street starts the day in negative territory. Market analysts are attributing the decline to concerns over rising inflation and potential interest rate hikes by the Federal Reserve. Investors are closely watching economic data releases for clues on the health of the economy and future monetary policy decisions. Tech stocks are also under pressure as the tech-heavy Nasdaq composite index follows the trend with losses. The ongoing sell-off comes as investors reassess their risk exposure amid changing market conditions and inflation fears.



Read more at Google: S&P 500, Dow Jones fall further from records in negative start on Wall Street – Proactive Investors USA