Major stock indices suffered losses this week, with the S&P 500 falling 0.4%, Nasdaq down 0.6%, and the Dow Jones Industrial Average dropping by 30 points. Prominent tech companies, including Meta Platforms, Alphabet, Apple, and Microsoft, also recorded declines, indicating a widespread downturn in investor sentiment. This trend comes as the Federal Reserve is expected to raise interest rates by 0.75%, prompting concerns about economic growth and corporate profitability.
“S&P 500 · fell · percentage · 0.4%”
“Dow Jones Industrial Average · fell · points · 30”
“Nasdaq · was down · percentage · 0.60%”
“Meta Platforms Inc · slumped · percentage · 6%”
“Alphabet · were down · percentage · >1%”
“Apple · were down · percentage · >1%”
“Microsoft · were down · percentage · >1%”
“ON Semiconductor Corporation · fell · percentage · >8%”
“Treasury yields · steadied · after falling · last week”
“Federal Reserve · is expected to deliver · rate hike · 0.75%”
“Tusimple · tumbled · percentage · 46%”
“Tusimple · fired · CEO · Xiaodi Hou”
