10 sources·Business

U.S. Stock Markets Experience Volatility Amid Big Tech Losses and Economic Concerns

Wall Street fluctuates as Big Tech stocks decline, reacting to economic data and Trump’s impending tariffs, while markets prepare for Thanksgiving closure.

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Updated: Nov 27th, 2024, 2:39 PM ET

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On November 26, 2024, U.S. stock indices hit record closes despite concerns over President-elect Trump's proposed tariffs, which may impact imports and inflation. However, on November 27, stocks wavered as losses in Big Tech, influenced by disappointing earnings reports from companies like HP and Dell, offset earlier gains. The S&P 500 decreased by 0.4%, and the Dow fell 119 points in afternoon trading. This volatility comes amidst broader economic data indicating stable consumer spending and inflation trends, raising concerns over how Trump's tariffs may affect future economic conditions.

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