U.S. stock markets saw significant declines as investors braced for a potential 0.75% rate hike from the Federal Reserve, with the S&P 500 falling by 0.4% and the Dow Jones Industrial Average dropping 30 points. Major technology firms were not spared, with Meta Platforms Inc. slumping 6%, while Apple, Microsoft, and Alphabet each fell by over 1%. The turmoil extended to ON Semiconductor, which plummeted over 8%, and Tusimple, whose stocks tumbled nearly 46% following the firing of its CEO amid ongoing federal investigations. In contrast, energy sector stocks like EQT and Coterra Energy surged sharply, highlighting a divergent market response.
Click a month on the chart to update the report below.
