Economic Pulse: How U.S. Tech Giants Have Reshaped Global Financial Markets?
Visualizing the explosive growth of 'Magnificent 7' in the last decade, which now have a collective market cap of $18.3 Trillion and counting
Wall Street was sent reeling today. The Dow Jones Industrial Average suffered a mammoth decline of over 1,100 points (2.58%), plunging into a 10-day losing streak unseen since 1974. The S&P 500 and Nasdaq Composite weren't spared either, tumbling 2.95% and 3.56% respectively. The Federal Reserve's decision to cut interest rates by 0.25% in the afternoon had the opposite effect, as the U.S central bank indicated fewer reductions ahead.
