Nasdaq Composite Leads Stock Market Decline, S&P Follows, as Powell’s Jump Fades

Global Markets Struggle as US and European Stocks Decline

US Stock Market Performance

• Dow Jones closed at 41,953.32, down 11.31 points (-0.03%), after swinging between a high of +286 and a low of -269.
• S&P 500 ended at 5,662.89, falling 12.4 points (-0.22%), fluctuating from +35.86 at session highs to -42.96 at the low.
• NASDAQ dropped 59.16 points (-0.33%), closing at 17,691.63, after reaching a high of +152.41 and a low of -173.97.

European Stock Market Performance

• German DAX declined 1.18% (-274.95 points) to 23,013.12.
• France CAC 40 fell 0.95% (-77.27 points) to 8,094.21.
• UK FTSE 100 remained relatively stable, dropping only 4.67 points (-0.05%) to 8,702.00.
• Spain IBEX 35 slipped 0.76% (-101.78 points) to 13,306.31.
• Italy FTSE MIB was the worst performer, tumbling 1.32% (-524.49 points) to 39,188.16.

Market Overview & Conclusion

As investors responded to economic data and Federal Reserve projections, US stock markets experienced erratic trading throughout the session. The NASDAQ saw the biggest drop among US indices as a result of tech firms’ poor performance. The FTSE MIB in Italy saw the largest decline among European markets, which reflected larger worries about economic growth and geopolitical risks.

Expectations for interest rates, company profits, and international trade policies all have an impact on market sentiment, which keeps investors cautious. when there isn’t any obvious bullish momentum, there may be further downside risks in the near future, especially when major markets are still experiencing high levels of volatility.