RE:RE:Believe it or not, is it a dirty correction day as she heardwell, it is not BBD SPECIFIC, THE WHOLE MARKET IS DOWN
SEE THIS US stocks were under heavy selling pressure Thursday afternoon as weak economic data and another sharp sell-off in chip stocks spurred losses across all three major indexes the day after the Federal Reserve signaled a likely rate cut in September.
The S&P 500 (^GSPC) fell almost 1.5%, while the tech-heavy Nasdaq Composite (^IXIC) erased earlier gains to drop more nearly 2.5% after closing Wednesday with hefty gains. The Dow Jones Industrial Average (^DJI) dropped almost 600 points, or 1.4%.
The 10-year Treasury (^TNX) yield moved below the 4% level for the first time since February, hovering near 3.98%.
Meta (META) stock was a bright spot, rising about 5%, after the social media giant on Wednesday afternoon reported better than expected results.
The latest ISM data out on Thursday showed the US manufacturing sector sank further into contraction territory during July. Other releases showed jobless claims rose to an 11-month high last week and construction spending unexpectedly declined in June.
https://ca.finance.yahoo.com/news/stock-market-news-today-sp-500-nasdaq-futures-climb-as-fed-delivers-and-meta-jumps-103710563.html