Stocks Plunge Amid Economic Data, Fed Decision
Update: 2025-12-08
Description
Stocks plummeted in afternoon trading today, as new economic data fueled market anxiety ahead of the Federal Reserves policy decision. Consumer spending stagnated, and consumer sentiment remained low, indicating affordability issues and a cautious consumer. Factory goods orders also increased less than expected, signaling a widening slowdown. Several companies, including VF Corporation, PVH, Ballys, and Warner Music Group, felt the impact, with Ballys experiencing a significant drop. The market views the economic news as significant, but not necessarily a fundamental shift in long-term prospects.
The Daily News Now! — Every city. Every story. AI-powered.
Hosted on Acast. See acast.com/privacy for more information.
Comments
In Channel
Download from Google Play
Download from App Store
United States00:00
00:00
1.0x
