Morning Bid: Tech Stocks Drag US Indexes Lower as Tariff Talk Clouds Markets

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Wed, November 27, 2024

[ Wed, Nov 27th 2024 ]: Thomas Matters

Morning Bid: Tech Stocks Drag US Indexes Lower as Tariff Talk Clouds Markets

[ Wed, Nov 27th 2024 ]: Thomas Matters

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Morning Bid: Tech Stocks Drag US Indexes Lower as Tariff Talk Clouds Markets

//stocks-investing.news-articles.net/content/202 .. indexes-lower-as-tariff-talk-clouds-markets.html

Published in Stocks and Investing on Wednesday, November 27th 2024 at 17:00 GMT by Thomas Matters
^{🞛 This publication is a summary or evaluation of another publication 🞛 This publication contains editorial commentary or bias from the source}

The Bank of Korea is up next. The BOK is expected to keep its key policy rate at 3.25% on Thursday to support the Korean won against a strong U.S. dollar, according to a Reuters poll of economists, who forecast at least three rate cuts next year.

The article from U.S. News & Money discusses how U.S. stock indexes experienced a decline, primarily driven by tech stocks, due to concerns over potential new tariffs. Investors are reacting to the possibility of increased trade tensions, which could negatively impact global trade and economic growth. The tech sector, in particular, is sensitive to these developments because of its reliance on international supply chains and markets. Additionally, the article mentions that the anticipation of these tariffs has led to a broader market sell-off, with investors seeking safer assets. The uncertainty around trade policies has also contributed to a volatile market environment, with other sectors feeling the ripple effects of the tech sector's downturn.

Read the Full U.S. News & World Report Article at [ https://money.usnews.com/investing/news/articles/2024-11-27/morning-bid-tech-stocks-drag-us-indexes-lower-as-tariff-talk-clouds-markets ]