US Stock Market Performance Analysis: Comprehensive Review of Major Indexes on Tuesday, 4/30/2024

• U.S. stocks have ended the month of April with significant losses, marking the worst performance since September.
• The S&P 500, Dow Jones Industrial Average, and Nasdaq composite all experienced drops, with the S&P 500 falling 1.6%, Dow Jones dropping 1.5%, and Nasdaq sinking 2%.
• These losses were further exacerbated by rising Treasury yields and larger than expected gains in worker pay and benefits, which have led to reduced expectations for Federal Reserve interest rate cuts this year.

U.S. stocks suffer significant losses in April, marking the worst month since September. Rising Treasury yields and increased worker pay contribute to market instability.

U.S. Stock Market Experiences Worst Month Since September

U.S. stocks have closed out April with significant losses, marking the worst month since September. The S&P 500 fell 1.6% on Tuesday, pulling it further from its record set at the end of March. The Dow Jones Industrial Average dropped 1.5%, and the Nasdaq composite sank 2%.

Rising Treasury Yields and Worker Pay Increase Pressure on Stocks

Treasury yields rose again, increasing the pressure on stocks. A report showed workers won bigger gains in pay and benefits during the start of the year than expected. Such hotter-than-expected data has diminished traders’ expectations for how many times the Federal Reserve may cut interest rates this year.

Stock Index Performance Details

On Tuesday, the S&... Read the full article for FREE at COINOTAG!