US Stock Market News Today, Dec 2: Crypto and Tech Sell-Off Shake Wall
On December 2, the US stock market experienced a significant downturn, impacting major indices including the Dow Jones Industrial Average (^DJI), S&P 500 (^GSPC), and Nasdaq Composite (^IXIC). This decline follows a strong end to November but is now rattled by sharp sell-offs in tech and crypto sectors. Concerns over interest rates and geopolitical tensions are adding to market volatility, disrupting hopes for a December rally.
Tech Stocks Drive Market Decline
The tech sector’s slide has been a major cause of today’s market losses. With high exposure to interest rate risks, tech stocks have struggled to meet investor expectations. The Nasdaq Composite (^IXIC), heavily weighted in technology stocks, experienced a drop of 0.36%,…
