Tech stocks weigh on Nasdaq
Description
Tech stocks including Nvidia and Meta drag the Nasdaq into the red for its fifth straight session. Investors now turn their attention to the CPI print following better-than-expected producer price data. In Seoul, police arrest impeached president Yoon Suk Yeol at the second attempt. He is South Korea’s first ever serving leader to be arrested. New French prime minister Francois Bayrou has announced in the Assemblée Nationale that he aims to re-open discussion over President Macron’s pension reforms as he seeks to court left-wing lawmakers to agree on a budget. And in the UK, under-pressure Chancellor Rachel Reeves doubles down to defend her October budget in the face of soaring borrowing costs.
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