Market Report - US Close

US close: Stocks tank on rate hike speculation, Nasdaq hits three-month low

By Benjamin Chiou

Date: Thursday 30 Jul 2026

(Sharecast News) - US stock markets dropped sharply on Wednesday as selling pressure intensified following the Federal Reserve meeting, which revealed a growing chorus of policymakers calling for tighter monetary policy.
Another escalation in the conflict between the US and Iran further drove down share prices, with inflationary risks on the...

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