#Finance #StockMarket #NewYork
On the 21st of the month, the New York stock market experienced a significant drop in stock prices, with the Dow Jones Industrial Average falling by over 800 points due to a sudden surge in long-term interest rates.
Investors were closely monitoring the upcoming vote on a bill that includes key policies of the Trump administration, such as large-scale tax cuts, which could potentially worsen the fiscal deficit. This uncertainty surrounding the legislative decision added to the market volatility.
Ramesh Khatri, a representative of Kansai Nepal News, expressed concerns about the impact of these developments on global economic stability. He emphasized the need for prudent fiscal policies and market regulations to mitigate the risks associated with such fluctuations in the stock market.
—
Author: MAYA | HARUTO
Posted at: May 22, 2025 6:02 am
