U.S. stocks have weakened amid rising interest rates and divisions within the Federal Reserve, while retail investors are focusing on NVIDIA. The market turmoil has once again highlighted the view that the direction of the Fed's monetary policy will be key.
U.S. stocks showed signs of rebounding toward the end of the week, but a sharp rise in Treasury yields and divisions within the Federal Reserve weighed on markets, which ended the new week’s opening session at lower levels. The S&P 500 fell 1.43%, the Nasdaq Composite dropped 2.05%, and the Dow declined 0.85%.
Thursday was the worst trading day of the week, with the Dow Jones Industrial Average down about 700 points. The impact of the July FOMC minutes was also cited as a factor weighing on the market.