Tech Meltdown, Fed Fog: Wall Street Sours as Global Markets Grab the Lead — What It Means for Your Money Today
U.S. stocks fell sharply Tuesday, with the S&P 500 down 1.2% and Nasdaq off 2% as tech shares led losses. Nvidia and Palantir dropped, dragging semiconductors lower. The Fed’s recent rate cut was overshadowed by uncertainty over December’s decision. Asian markets followed, with Japan’s Nikkei plunging up to 4.7% overnight.