Saturday, 30 August, 2025
Tech Stocks Drag US Markets Lower Amid Pullback from Record Highs
U.S. stock markets retreated on Friday, pulling back from their most recent record highs after inflation data showed prices broadly holding steady. The S&P 500 slipped 0.8%, led by steep drops in tech giants such as Dell, Nvidia, and Oracle. Concerns about consumer sentiment and a potential economic slowdown are clouding optimism, even as discussions around a possible Federal Reserve rate cut continue to influence investor expectations.
Read full story at Economic Times