Nasdaq 100 Suffers Its Biggest Drop in a Month: Markets Wrap
- Federal Reserve expected to downshift its policy tightening
- Traders are also awaiting the US jobs report later this week
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US stocks declined on Monday as investors turned cautious going into an eventful week that includes the Federal Reserve’s rate decision and a slew of big-tech earnings.
The Nasdaq 100 suffered its worst day since Dec. 22 while the S&P 500 fell the most since Jan. 18. Declines in Apple Inc. and Microsoft Corp. weighed on both the indexes as investors await earnings from companies including Alphabet Inc. and Meta Platforms Inc. this week.