Dow Jones Crashes 500 Points, S&P 500 and Nasdaq Plunge Over 1% as Tech Selloff Deepens and Rate Cut Hopes Fade
The U.S. stock market witnessed a sharp downturn as the Dow Jones Industrial Average tumbled 500 points, while the S&P 500 and Nasdaq Composite fell more than 1%, extending a tech-led selloff. Investor sentiment soured amid fading hopes of imminent Federal Reserve rate cuts, with rising bond yields and persistent inflation concerns weighing heavily on…