Wall Street Plunges: Major US Stock Indexes Down Amidst Economic Fears

The US stock markets experienced a significant downturn yesterday, as all three major indexes plummeted. S&P 500, Nasdaq, and Dow Jones suffered steep declines, raising concerns about the future of the market and investor confidence. Experts cite persistent inflation fears, potential interest rate hikes by the Federal Reserve, geopolitical uncertainty, and weakening economic data as contributing factors to this drastic market correction. Let’s break down why these declines happened and explore what they mean for investors.