The sell-off of technology stocks in the US market has intensified, and the expectation of interest rate cuts has triggered panic in the market

According to Jinshi News, on Friday in the U.S. market, the sell-off led by technology stocks deepened, with major benchmark indices breaking through support levels, and concerns about the Federal Reserve possibly not cutting interest rates at the next meeting intensified. The S&P 500 index opened down 0.8%, continuing the sharp decline in tech stocks and falling below the 50-day moving average. The Nasdaq 100 index opened down 1%, and the Dow Jones Industrial Average fell by 1.1%. The Chicago Board Options Exchange Volatility Index climbed above 22. Brian Jacobsen, Chief Economic Strategist at Annex Wealth, stated that concerns about the Federal Reserve pausing action in December have replaced worries about a prolonged government shutdown.