US Stocks Extend Losses: S&P 500 Falls 1%, Nasdaq Drops 2%

US stock markets continued to decline, with the S&P 500 index extending its fall to 1%, currently at 6907.17 points.

At the same time, the Nasdaq Composite showed even weaker performance, dropping by 2% to 23378.71 points.

Market Analysis

This downturn reflects growing concerns about the economic outlook, particularly against the backdrop of high inflation and rising interest rates.

• S&P 500 drops 1%
• Nasdaq extends losses to 2%

Investors should closely monitor upcoming macroeconomic data to gauge future market trends.