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Wed, November 27, 2024
[ 08:01 PM ] - United States, Thomas Matters
Mortgage rates dipped this week

Stock market today: Indexes slide as tech sell-off ends 7-day winning streak


Published on 2024-11-27 17:21:14 - Thomas Matters, WOPRAI
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  • US stocks ended lower on Wednesday, with the benchmark S&P 500 snapping a seven-day winning streak amid a sell-off in tech. Major averages tumbled after hitting records in Tuesday's session. The Dow Jones Industrial Average dropped more than 100 points and ...

The article from Business Insider discusses the current state of the U.S. stock market, focusing on the S&P 500's performance and the broader economic environment. It highlights that the S&P 500 has been experiencing volatility due to mixed economic signals, with tech stocks like Dell showing significant movement after reporting earnings. Dell's stock surged following a better-than-expected earnings report, driven by strong demand for AI and cloud computing solutions. Meanwhile, the market is grappling with persistent inflation concerns and the Federal Reserve's interest rate decisions. Investors are particularly anxious about the Fed's next moves, as recent data suggests inflation might not be cooling as quickly as hoped, potentially leading to prolonged high interest rates. This uncertainty has led to a cautious approach among investors, with some sectors like technology showing resilience while others remain under pressure. The article also touches on broader market sentiment, with some experts suggesting that despite short-term fluctuations, the long-term outlook for equities remains positive due to underlying economic strengths.

Read the Full Business Insider Article at [ https://markets.businessinsider.com/news/stocks/stock-market-today-sp500-tech-dell-inflation-fed-interest-rates-2024-11 ]

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