Market Downturn: Tech & Consumer Shares Lead Losses; Sterling Strengthens ...Middle East

On a turbulent Thursday, major stock indexes, particularly the S&P 500 and Nasdaq, experienced a significant drop influenced mainly by declining technology and consumer discretionary shares. A noteworthy development in the currency market was the strengthening of the British pound as the Bank of England opted to maintain its current interest rate, creating anticipation of a potential cut by year-end.

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