Stock Market Tumbles: Rate Cut Hopes Fade

Inflation Relief Rally Fizzles: What's Behind the Market's Afternoon Slump? Stocks initially jumped on a surprise drop in wholesale prices, fueling hopes for Federal Reserve rate cuts, but the optimism faded. Tech stocks like Amplitude and SoundHound AI took a hit, while Dynatrace plunged despite recent positive Wall Street buzz. Is this a buying opportunity in disguise for long-term investors focused on AI and cloud software? Hosted on Acast. See acast.com/privacy for more information.