US Stock Market Experiences Mixed Performance Amid Weak Consumer Sentiment
US stocks had a turbulent day, with indices experiencing a mix of gains and losses as investors reacted to falling consumer confidence and Fed comments. The S&P 500 and Nasdaq faced declines following disappointing sentiment data, while the Dow Jones Industrial Average saw a 0.25% drop, largely driven by losses in major stocks like Walmart and Verizon. Despite the overall downturn, some sectors, including miners, showed resilience, and Chinese stocks surged on the back of stimulus measures. Analysts are now closely watching future economic indicators as uncertainty lingers in the market.
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