Stocks Slide Amid Rate Concerns and Tech Sell-Off
U.S. stocks experienced significant declines, with the Dow dropping 325 points and the Nasdaq falling 2%, driven by a slump in vaccine maker shares after President-elect Trump considered appointing anti-vaccine activist Robert F. Kennedy Jr. as Secretary of Health and Human Services. Moderna and Pfizer shares fell amid concerns over potential impacts on profits. The broader market downturn reflects fading optimism from Trump's election victory and interest rate cuts, as investors reassess risks associated with Trump's policies and the Federal Reserve's future rate decisions.