Wall St. Drops, Tech Fears & Fed Rate Cut

Wall Street experiences second consecutive day of declines, with major stock indexes falling amidst investor concerns over technology sector and potential interest rate cut by the Federal Reserve in December. Global markets also feel the impact, with European indices dropping. Despite market jitters, analysts suggest strong underlying fundamentals in the tech industry, offering a glimmer of stability. Investors place the probability of a Federal Reserve interest rate cut in December at fifty-three percent, highlighting ongoing debate and speculation surrounding monetary policy.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.