[Breaking] New York Stock Market Plummets Ahead of FOMC... Nasdaq Down 4.68%
[Asia Economy New York=Special Correspondent Joselgina] The three major indices of the US New York Stock Exchange all closed down on the 13th (local time) ahead of the Federal Open Market Committee (FOMC) meeting.
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On that day, the Dow Jones Industrial Average closed down 2.79% from the previous session. The S&P 500, which focuses on large-cap stocks, fell 3.87%, entering a technical bear market. The Nasdaq, which is tech-stock focused, closed down 4.68%.
Government bond yields surged. In the bond market, the US 10-year Treasury yield soared to 3.44% at one point during the session, marking the highest level since 2011.
This content was produced with the assistance of AI translation services.
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