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 โขgrowing uncertaintyโค surrounding the timing of potential interest rate cuts byโฃ theโ Federal Reserve. The index experienced downward momentumโฃ following disappointing earnings reports andโข revised economic forecasts, adding to investor anxieties about the sustainability of recent marketโข gains.
The market’s sensitivity toโข economic data andโ Federal Reserve policy underscoresโ a pivotalโค moment for investors. whileโ inflation has cooled from its peak, recent figuresโ have indicated a stickier-than-expected price level, โฃprompting analysts to reassessโค the likelihood ofโ aggressive rate cuts this year.โข This recalibration is especially impacting technologyโค stocks, which haveโข largelyโค benefitedโ from the expectation of lowerโข borrowing costs and a more favorable โinvestment climate.
Dr.Martens announced โขa shift inโฃ footwear production from Laos to Vietnam in responseโ to โnew tariffs โฃimposed by the U.S., perhaps reaching 40%โค on imports from certain Southeast asianโข nations. Separately, Amancio Ortega, founder of Inditex, acquired The โคPost complex โขin downtown Vancouver for over $780 millionโ through his investment firm Pontegadea, with Amazonโ as a key tenant in the building.
