S&P 500 Slides Amid Tech Sell-Off and Shifting Rate Cut Expectations
The S&P 500 fell under pressure Thursday as shares of Nvidia and Oracle declined, contributing to a broader market pullback fueled by growing uncertainty surrounding the timing of potential interest rate cuts by the Federal Reserve. The index experienced downward momentum following disappointing earnings reports and revised economic forecasts, adding to investor anxieties about the sustainability of recent market gains.
The market’s sensitivity to economic data and Federal Reserve policy underscores a pivotal moment for investors. while inflation has cooled from its peak, recent figures have indicated a stickier-than-expected price level, prompting analysts to reassess the likelihood of aggressive rate cuts this year. This recalibration is especially impacting technology stocks, which have largely benefited from the expectation of lower borrowing costs and a more favorable investment climate.
Dr.Martens announced a shift in footwear production from Laos to Vietnam in response to new tariffs imposed by the U.S., perhaps reaching 40% on imports from certain Southeast asian nations. Separately, Amancio Ortega, founder of Inditex, acquired The Post complex in downtown Vancouver for over $780 million through his investment firm Pontegadea, with Amazon as a key tenant in the building.
