Nasdaq Heads for Worst Week Since 2023 as Stocks Lose Steam
Investors are bracing for the release of the Federal Reserve's preferred inflation gauge, which largely met expectations and has added to uncertainty over Big Tech prospects. The sudden downward shift in market sentiment has resulted in sharp weekly losses for major averages, with the Nasdaq poised to fall over 5% in February. Markets are wrapping up February trading facing a significant drop, following recent data that revived concerns about inflation and economic slowdown.
- This downturn highlights the interconnectedness of macroeconomic factors, where central bank decisions can have far-reaching impacts on individual stock prices and sector performance.
- How will the Nasdaq's decline impact its ability to recover from recent losses, and what implications might this have for broader market trends?