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Nasdaq 100 Slides as Fed's Warsh Signals Rate Hikes Ahead

Benzinga Read original source (opens in a new tab)
The Story

News Summary

  • The Nasdaq 100 dropped 1% as Fed Chair Kevin Warsh indicated a persistent inflation fight, significantly increasing September rate hike expectations.
  • This sparked a sell-off in rate-sensitive tech and growth stocks, reversing recent Nvidia-led gains.
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