Dow tanks 600 points, S&P 500 suffers brutal fourth straight drop - why stock markets are down today?
US stock market down today: Dow fell 613 points. The S&P 500 slid 1.2% for a fourth straight loss. The Nasdaq dropped 1.7%. Tech led the sell-off. Nvidia fell 3% and is down 10% this month. Amazon and Microsoft also sank. Bitcoin hit $89,259 before recovering near $91,000. The move signaled lower risk appetite. Sundar Pichai warned of “irrationality” in the AI boom. Blue Owl losses added pressure. Home Depot missed earnings. Fed rate-cut odds fell to 50% from 90%. Investors fear tighter policy and stretched valuations.
US stock market down today: Dow fell 613 points. The S&P 500 slid 1.2% for a fourth straight loss. The Nasdaq dropped 1.7%. Tech led the sell-off. Nvidia fell 3% and is down 10% this month. Amazon and Microsoft also sank. Bitcoin hit $89,259 before recovering near $91,000. The move signaled lower risk appetite. Sundar Pichai warned of “irrationality” in the AI boom. Blue Owl losses added pressure. Home Depot missed earnings. Fed rate-cut odds fell to 50% from 90%. Investors fear tighter policy and stretched valuations.
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