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.
“S&P 500 · fell · percentage · 0.4%”
“Dow Jones Industrial Average · fell · points · 30 points”
“Nasdaq · was down · percentage · 0.60%”
“Meta Platforms Inc · slump · percentage · 6%”
“Alphabet · was down · percentage · more than 1%”
“Apple · was down · percentage · more than 1%”
“Microsoft · was down · percentage · more than 1%”
“ON Semiconductor Corporation · fell · percentage · more than 8%”
“Treasury yields · steadied · state · after falling last week”
“Federal Reserve · expected to deliver · rate hike · 0.75%”
“Paramount Global · fell · percentage · about 4%”
“EQT · were up · state · sharply”
