The US stock market rallied again today after investors saw significant falls in major indexes such as the S&P 500 and the NASDAQ.
The decline in this index was the worst fall recorded since 2022.
The situation that triggered the investor's concern was driven by the effect of such a significant sell-off in technology stocks such as Apple,
Microsoft, Meta and Nvidia.
Meanwhile, the DOW JONES index recorded a drop of 500 points following mixed United States (US) PMI data.
The service sector showed positive figures but the readings released for the manufacturing sector showed a contraction.
Market focus today will focus on the US GDP data report that will be released in the New York session later tonight.
The report that will be the focus of the Federal Reserve (Fed) is expected to have an impact on the stock market.
In September, it is highly likely that the market will see the Fed cut interest rates after the signal that has been
delivered by Chairman Jerome Powell.
