#stocks #FedChairJeromePowell #bonds
Stocks slumped Thursday after another technology-led selloff on Wednesday. The Nasdaq ended lower by more than 2%, extending losses for a third straight day after the tech-heavy index dropped 2.7% during the regular session on Wednesday. At session lows, both the Nasdaq and S&P 500 erased gains for the year-to-date. The Nasdaq also briefly dipped into correction territory intraday before paring some losses, dropping by more than 10% from at recent record closing high. Carillon Tower Advisors’ Matt Orton and President of SS&C ALPS Advisors, Laton Spahr, joined Yahoo Finance to discuss.
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