From Google News: 2024-08-02 23:06:00

Stocks took a hit as recession fears loom, but there’s a silver lining. The Dow Jones, S&P 500, and Nasdaq all fell as bond yields invert, a sign of economic trouble. However, some experts see this as a buying opportunity for long-term investors. Tech stocks like Apple and Microsoft dragged down the market, but defensive sectors like utilities held up. The Federal Reserve’s policy shift and weak economic data also contributed to the market drop. Investors are advised to remain cautious but consider opportunities in companies with strong fundamentals.



Read more at Google News: Stocks Plunge On Recession Fears; Here’s The Silver Lining – Investor’s Business Daily