Stock Market Falls Across the Board

IconCryptoNewsTerminal Staff24 Jul, 2024

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Stock Market Falls Across the Board

The US stock market saw a downturn on Tuesday, with the three major indexes all closing lower. The S&P 500 fell by 0.88%, the Nasdaq Composite dropped by 1.46%, and the Dow Jones Industrial Average lost 0.39%. There were several factors that may have contributed to the decline, including concerns over the ongoing trade war with China, weak corporate earnings, and worries about the possibility of a global economic slowdown. The US-China trade war has been a major source of uncertainty for investors, and the recent escalation in tariffs has heightened those concerns. Additionally, several large companies have reported disappointing earnings in recent weeks, which has also contributed to the sell-off. The technology sector has been particularly hard hit, with stocks like Apple and Amazon seeing steep declines. Overall, it was a negative day for the stock market. It remains to be seen whether these declines will continue in the coming days and weeks.

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