Market Sell-Off: Tech Stocks Slump Amid Rate Hike Fears
Update: 2025-11-20
Description
Todays trading began with a surge, but quickly turned negative due to a stronger-than-expected jobs report, reducing the likelihood of a December interest rate cut. Despite strong company performances like Nvidia and Walmart, investors shifted towards more stable companies, causing a sell-off in tech stocks. This wave of caution was also reflected in the warnings from Goldman Sachs and Morgan Stanley about a potential market correction in the next couple of years.
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