US Stock Market Falls

US Stock Market Falls Gains of August have been fully erased

Jerome Powell reassured stock markets that the Fed will keep interest rates low until inflation is brought down to 2%.

Restoring price stability could require a sustained period of lower growth and labour market conditions will soften.

Personal spending figures for July also missed expectations:

The Dow plummeted 1,000 points, the S&P 500 and the Nasdaq fell 3.4% and 3.9%, respectfully

Tech giants had the sharpest losses, closing at one-month lows with a 9% plunge for Nvidia and 5% drop for Alphabet

DOW Jones Industrial Average

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