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Wall Street's main indexes fell, with Tesla's stock one of the biggest drags on the S&P 500 and Nasdaq. Also weighing on the market were investors' fears that recent strong economic data would potentially curb interest-rate cuts from the Federal Reserve https://t.co/dvRUqHdhxE https://t.co/DsEh1vz3VE
WATCH: US stocks fell as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years https://t.co/5THBhk8Ml6 https://t.co/65qtMithX7
US stocks fell as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years https://t.co/dvRUqHdhxE https://t.co/qzvTlGykRW
US investors are showing increased caution compared to the Federal Reserve's stance on interest rate cuts for 2024, leading to a downturn in the stock market. The skepticism regarding the pace of the Federal Reserve's rate cuts has resulted in a drop in US indexes. This sentiment was further compounded by concerns over Tesla's performance, as the electric car manufacturer reported a decline in quarterly deliveries for the first time in nearly four years, significantly impacting its stock value and contributing to the overall decline in the S&P 500 and Nasdaq indexes. Additionally, strong recent economic data has raised fears among investors that the Federal Reserve might delay or limit interest rate reductions, further dampening market sentiment.
