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US Indices Dive as Broadcom Earnings Miss and Hawkish Fed Risks Spook Investors

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The Story

News Summary

  • Major US indices are retreating as profit-taking hits overbought tech stocks, following Broadcom’s weak guidance.
  • Geopolitical instability in the Middle East and strong labor data, which bolster the case for higher interest rates, have further soured investor sentiment, triggering a broad market sell-off.
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US100 price history

28953.39 +14.73% over the displayed period

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