Wall Street drops on September worries, upcoming data

September 4, 2024

U.S. stocks fell sharply on Tuesday, marking the start of a historically weak month for the market. The S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw their biggest declines since early August. Weak manufacturing data and anticipation of Federal Reserve interest rate decisions contributed to the downturn.

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Asian shares experienced a boost following President Trump’s announcement of a trade deal with Japan, easing concerns about the tariff war. The agreement involves Japan

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