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US stock market experiences significant sell-off amid slowing economic growth and stubborn inflation /
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2024-04-25 21:54:24

US stock market experiences significant sell-off amid slowing economic growth and stubborn inflation on Nostr: Dow tumbles nearly 400 points as new inflation fears dent hopes of Fed rate cut ...

Dow tumbles nearly 400 points as new inflation fears dent hopes of Fed rate cut
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#2a20916d ver:0.21

The stock market tumbled as inflation fears dashed hopes of a Fed rate cut. The Dow Jones dropped 400 points, with the S&P 500 and Nasdaq also declining. Slowing economic growth, persistent inflation, and disappointing bank earnings contributed to the sell-off. Tech stocks were also affected. Rising oil prices and geopolitical tensions added to inflation concerns. Investors adjusted expectations for the Fed's response to inflation, while consumer frustrations grew. Overall, uncertainty about the economic environment prevailed. #StockMarket #InflationFears #FedRateCut...

#newstr #StockMarket #Selloff #EconomicGrowth #Inflation #GdpReport #MajorBanks #OilPrices #TechStocks #ConsumerSentiment #FederalReserve

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