Stock Market Today: Stocks crushed as markets see Fed rate error
Markets seem to think the Fed has waited too long to cut rates. And they're selling stocks hard in response.
Learn lower again for updates all through the purchasing and selling day
U.S. shares elevated their heavy declines in early Friday purchasing and selling as retailers retreated from shares in big markets all around the theme amid a shift in hazard sentiment from inflation considerations to concerns a pair of shut-term recession.
Up so a systems at 9:37 AM EDT
Summer season slump
Wall Road is opening firmly within the purple, with a ninety aspect decline for the S&P five hundred and a 515 aspect pullback for the Dow Jones Industrial Over and over taking place.
The Nasdaq, meanwhile, change into marked 442 add-ons, or 2.58% scale lower again on the starting up of purchasing and selling, a go that drags the tech-centred benchmark into correction territory.
S&P five hundred Opening Bell Heatmap (Aug. 02, 2024)$SPY -1.Fifty five%
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