The financial markets have started the day on a downward trend, with the tech-heavy Nasdaq Composite falling by 1.2%. This marks the potential for a fifth consecutive week of negative performance as overall market sentiment remains pessimistic. Key declines were seen in stocks like Nvidia and FedEx due to ongoing economic concerns, including elevated mortgage rates affecting real estate and trade wars impacting various sectors including athletics. The outlook from the Fed suggests slower economic growth ahead, hinting at continued challenges for the market.
The markets are in a downturn with negative performances across major indexes, with Nvidia and FedEx significantly impacting investor sentiment amid fears of slow economic growth.
Airline stocks, along with sectors like real estate and athletic apparel, are falling amidst trade-related fears and economic uncertainties, showing overall weakness in market sentiment.
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