The global stock markets are facing significant pressure, with the S&P 500 futures dropping 0.3%, reflecting a growing concern over a potential economic slowdown in the U.S.
Nvidia's massive drop of 9.5% on Tuesday, resulting in a $279 billion loss in market cap, has exacerbated investors' fears, highlighting the volatility in tech stocks.
The recent weak manufacturing data has reignited fears of an economic slowdown, making investors anxious ahead of the pivotal jobs report expected this Friday.
As the Fed considers potential interest rate cuts, economists suggest that a disappointing payroll number could lead to increased market volatility, especially around employment data.
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