Today’s stock market news is dominated by the crushing performance of tech stocks, with the 10-year falling below 4%. This comes as weak data reveals cracks in the US economy. The decline in tech stocks is particularly concerning, as they have been leading the market higher in recent months.
The 10-year falling below 4% is also a significant development, as it indicates a growing concern about the state of the economy. Investors are worried about the impact of rising inflation and interest rates on the market.
The weak data showing cracks in the US economy is further adding to the uncertainty in the market. This includes disappointing job numbers, slowing consumer spending, and a struggling housing market.
Overall, today’s stock market news highlights the fragility of the US economy and the challenges facing investors. It is important for investors to stay informed and adjust their portfolios accordingly to navigate these uncertain times.