[Breaking] New York Stock Market Closes Lower Amid Apple Weakness and FOMC Minutes Digest
The three major indices of the U.S. New York stock market all closed lower on the 3rd (local time).
On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average fell 0.76% compared to the previous session. The S&P 500, which focuses on large-cap stocks, dropped 0.8%, and the tech-heavy Nasdaq index closed down 1.18%.
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Amid a continued sharp decline in the stock price of Apple, the company with the largest market capitalization, the minutes of the December Federal Open Market Committee (FOMC) released that day did not contain specific discussions regarding the interest rate cuts that investors had been expecting. As a result, the view that interest rate cuts would not happen as quickly as the market had hoped spread, leading to a continued downward trend in the stock market.
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