The Financial Times reported Tuesday that U.S. stocks fell sharply as a global bond market sell-off spooked investors, dragging down major indexes after the Labor Day break. The S&P 500 slid more than 1%, while the Nasdaq Composite dropped 1.3%.
Rising Treasury yields, inflation concerns, and questions over Federal Reserve independence following President Donald Trump’s move to remove Fed Governor Lisa Cook contributed to the market turmoil. Investors sought safety in gold, which hit record highs above $3,500 an ounce.
The DX Brief
- S&P 500 fell 1%, Nasdaq down 1.3%, Dow nearly 1% lower
- Tech stocks led declines, with Nvidia, Alphabet, and Amazon sliding
- Bond yields surged globally, heightening debt and inflation fears
- Gold reached record highs as investors exited equities
To read the full article, visit Financial Times
