Market Tumble: Losses Deepen

U.S. stock futures declined sharply on Sunday evening, signaling a potentially turbulent start to the week after a week already marked by significant losses. The Dow, S&P 500, and Nasdaq futures all pointed downwards, reflecting investor anxiety driven by ongoing inflation concerns and the anticipation of further interest rate hikes by the Federal Reserve. The previous week saw all three major indices suffer substantial declines, with the Nasdaq Composite taking the biggest hit. Investors are worried about the Fed's commitment to aggressively combatting inflation, which many fear could trigger a recession. This concern is amplified by strong economic data, which paradoxically fuels fears of continued hawkish monetary policy. Treasury yields have also been climbing, reflecting the expectation of higher interest rates and further contributing to the downward pressure on stocks. The bond market is pricing in a high probability of another substantial rate hike at the Fed's upcoming meeting. The article also mentions specific stocks, such as Nvidia, facing challenges, and a general risk-off sentiment prevailing in the market. Geopolitical tensions and global economic uncertainties are further compounding the concerns, leading investors to reduce their exposure to riskier assets. The overall sentiment is one of caution and anticipation of continued volatility in the near term. find the original article here: https://finance.yahoo.com/news/live/stock-market-today-dow-sp-500-nasdaq-futures-tumble-after-another-week-of-sharp-losses-233621800.html