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US Indices Slide as Rate Cut Expectations Reverse
US indices dropped sharply as weakening rate-cut expectations and tech-sector selling pressured equity markets, driving a broad risk-off shift among investors ahead of major economic data releases.
US equities saw sharp declines, with the Dow Jones falling 500 points and the S&P 500 and Nasdaq both dropping over 1% as investors reassessed rate-cut expectations amid renewed selling in major technology names. Market sentiment weakened after cautious commentary from Federal Reserve officials dampened hopes of near-term policy easing. Elevated bond yields and concerns over stretched valuations added further pressure, prompting a broad risk-off move.
Traders remained focused on upcoming inflation data and key macroeconomic indicators expected to shape rate projections.