U.S. futures tumble as recession fears grip investors

Category: Finance

U.S. stock index futures dropped significantly, with Nasdaq futures falling nearly 4% amid recession fears. Major tech stocks like Apple and Nvidia experienced sharp declines due to concerns over the economy and company-specific issues. A weak jobs report and manufacturing activity contributed to market corrections, leading traders to anticipate interest rate cuts by the Federal Reserve.

Keywords: Stock Market, Recession, Federal Reserve

Source: Yahoo Finance

Update At: 8/5/2024

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