US Equities Pull Back, Oil Slides as Fed Remains Hawkish
Major US equity indices fell last week, with the Nasdaq 100 dropping 4.2% and the S&P 500 down 2%, while oil prices slid. The decline is seen as a healthy correction within an otherwise trending market.
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Major US equity benchmarks ended the past week lower. The Nasdaq 100 fell 4.2% while the S&P 500 shed 2%. Despite the pullback, the move is characterized as a healthy correction within an ongoing uptrend.
The Federal Reserve maintained its hawkish stance, contributing to cautious sentiment. Oil prices also declined during the period, adding to the risk-off tone across markets.
Source: FXStreet Forex News