Nasdaq tumbles 4% as shares in chip and memory groups sink
Rising expectations of a Federal Reserve rate increase send US bond yields rising sharply
Nasdaq tumbles 4% as shares in chip and memory groups sink The Nasdaq Composite experienced a significant drop of 4%, driven by sharp declines in chip and memory stock groups. This market downturn is attributed to increasing expectations of a Federal Reserve interest rate increase. Consequently, US bond yields have risen considerably.
- Nasdaq Composite fell by 4%.
- Shares in chip and memory groups experienced sharp declines.
- Rising expectations of a Federal Reserve rate increase contributed to the market drop.
- US bond yields have risen sharply. Continue reading https://www.ft.com/content/2929bbd3-1f71-4424-a577-f016c3c65603
No comments yet.
Write a comment