The US stock market closed at its lowest point in five weeks as economic concerns fueled a bond rally, while the Nasdaq 100 extended its four-day decline by over 5% – hitting a record low. This slide mirrors a correction gauge that has surpassed 10%, signaling a major sell-off in megacap stocks. The heavy selling was seen in speculative areas, including Bitcoin, which plummeted 6% as investors sought safer assets. A surge in Treasuries led to the lowest yields of 2025, as investors sought refuge from economic uncertainty.
Source: https://www.bloomberg.com/news/articles/2025-02-24/stock-market-today-dow-s-p-live-updates