U.S. stock market starts with a sharp decline...Nasdaq's drop is the largest

On the 21st (local time), major U.S. stock indices started with a decline at the opening. The S&P500 index fell by 0.51%, and the Nasdaq, with a high proportion of tech stocks, showed a larger drop with a decline of 0.7%. The Dow Jones Industrial Average also fell by 0.76%.

There is analysis that uncertainty regarding the Fed's interest rate policy and caution ahead of major tech companies' earnings announcements are weighing on the market. Particularly, as the upward trend of large stocks related to artificial intelligence and semiconductors has eased, the Nasdaq, which is focused on growth stocks, is experiencing a relatively larger adjustment. Investors are keenly attentive to the economic indicators scheduled for this week and the remarks from Fed officials.