Daily Market Report | 08/17/2023
Pence Wealth2023-08-18T09:26:50-07:00Daily Market Report | 08/17/2023 US FINANCIAL MARKET Tech Behemoths Drag on Stocks as Bonds Sell Off: Markets Wrap - Bloomberg, 8/17/2023 Tech heavyweights dragged on US benchmarks with stocks poised to extend a slump into a third day, a global bond market selloff intensified. The S&P 500 erased early gains, the equities gauge has closed below a closely-watched technical level twice this week. The Nasdaq 100 fell 0.5% with Apple and Tesla weighing on the large-cap growth index. While many investors had believed that the Federal Reserve was done raising interest rates, that’s [...]