Nasdaq Composite Index Plummets by 2% Amidst Market Downturn
CryptoNewsTerminal Staff02 Aug, 2024
Nasdaq Composite Index Plummets by 2% Amidst Market Downturn
The Nasdaq Composite index suffered a significant intraday decline of 2.63% during the recent trading session on the US stock market. This notable drop was accompanied by comparable declines in the Dow Jones Industrial Average (1.89%) and the S&P 500 index (2.12%). These declines can be attributed to a combination of factors, including geopolitical tensions, rising interest rates, and concerns about the impact of inflation on corporate earnings. Investors are closely monitoring the evolving market conditions and adjusting their strategies accordingly.