Nasdaq and S&P 500 Decline Amid Global Market Rally
The Nasdaq Composite (^IXIC) and the S&P 500 (SPCX) are declining despite a global market rally, driven by two factors: a hawkish shift from the Federal Reserve that dashed rate cut expectations and capital rotation away from tech-heavy stocks. This divergence is hurting growth-oriented technology companies more than other sectors.
Tickers: $SPCX
Topics: Federal Reserve interest rates Nasdaq S&P 500 tech stocks