Market Movements
experienced a downturn with the , , and composite falling by 1% to 1.7% amid concerns over stocks and economic uncertainties.
Tesla and were among the biggest losers, with Tesla's stock dropping over 4% due to competition and concerns over CEO 's policies, and Alphabet sinking after announcing a $32 billion acquisition.
Economic Outlook and Federal Reserve
The Federal Reserve's upcoming interest-rate policy meeting adds to market tension, with expectations leaning towards maintaining the current rate amid economic uncertainties and inflation concerns.
Strategists and traders are watching closely for the Fed's forecasts on interest rates, inflation, and economic growth, with a general anticipation of potential rate cuts by the end of the year.