U.S. stocks opened higher but closed lower as rate cut uncertainties and risk-off sentiment weighed on the market
ChainCatcher news, according to Golden Ten Data, US stock analyst Hannah Erin Lang stated that after a strong opening, the major US stock indices slipped into the red during intraday trading, with momentum fading rapidly. The reasons include the boost from artificial intelligence appearing to be short-lived, and the information technology sector leading the decline in the S&P 500 index. In addition, market doubts about whether the Federal Reserve will cut interest rates in December and ongoing risk-averse sentiment are also putting pressure on the market.
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