Stock market today: Dow, S&P 500, Nasdaq sink as tech stocks get pummeled
Market Intelligence Analysis
AI-PoweredThe stock market is experiencing a decline, with the Dow, S&P 500, and Nasdaq falling, particularly due to the performance of tech stocks. The upcoming update on the Fed's inflation gauge and the recent jobs report are key factors influencing market sentiment. Investors are anticipating a potential rate hold.
Market impact analysis based on bearish sentiment with 90% confidence.
Article Context
Wall Street is gearing up for an update on the Fed's favored inflation gauge, after the jobs report bolstered the case for keeping rates unchanged.
Analysis and insights provided by AnalystMarkets AI.