US Stock Market's Three Major Indices Head South

IconCryptoNewsTerminal Staff16 Aug, 2024

cryptonews.jpg

US Stock Market's Three Major Indices Head South

The US stock market indices started the trading day with a drop. The declines were led by the technology-heavy NASDAQ, which fell by 0.53%. The Dow Jones Industrial Average declined by 0.19%, while the S&P 500 lost 0.39%. The decline comes after a strong rally in recent weeks, and analysts attribute it to profit-taking and concerns over rising interest rates.