The Dow slipped below 30,000 a day after a brief reprieve for markets when the Federal Reserve delivered the largest interest rate increase since 1994.
Stocks slumped again on Wall Street Thursday, erasing another 3.3% from the SThe renewed selling came a day after a brief reprieve for markets when the Federal Reserve delivered a huge interest rate increase in its effort to fight back inflation.
Markets are worried that the Fed and other central banks may stumble along the narrow path of hiking interest rates enough to slow high inflation but not so much that they cause a recession. The Dow fell 2.4% and the Nasdaq gave back 4.1%. Treasury yields fell.The Dow Jones Industrial Average fell 741.46 points, or 2.4%, to 29,927.07.The Russell 2000 index of smaller companies fell 81.30 points, or 4.7%, to 1,649.84.The Nasdaq is down 693.93 points, or 6.1%.&P 500 is down 1,099.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Dow opens more than 600 points lower as post-Fed rally vanishesU.S. stocks opened lower on Thursday, as the market's post-Fed meeting gains evaporated and investors confronted a host of additional central-bank interest-rate hikes. The Dow Jones Industrial Average was down more than 600 points, or 2%, to 30,075:
Weiterlesen »
Shiba Inu (SHIB) Price Suddenly Spikes 14%. Here's WhyShiba Inu (SHIB) has surged 14%, recovering together with the broader cryptocurrency market and U.S. stocks
Weiterlesen »
FTX makes former Senate staffer first in-house lobbyist amid Capitol Hill blitzFTX US, the US wing of the crypto exchange at the center of a major scuffle over US regulation, has registered its first in-house lobbyist to work on Congressional relations.
Weiterlesen »
U.S. stocks end sharply higher after Fed announces large rate hike to battle inflationAll three major stock benchmarks closed sharply higher Wednesday, after the Federal Reserve said it was raising its benchmark interest rate by three-quarters of a percentage point in an effort to fight high inflation. The DJIA rose around 300 points.
Weiterlesen »
San Antonio City Council to consider 10% homestead exemption“Our strategy was to give everybody something,” City Manager Erik Walsh said of the plan to direct exemptions toward homeowners who live in their homes, people who are disabled and people at least 65 years of age. Story by AndreaDrusch.
Weiterlesen »
Stocks tumble again as investors grapple with Fed falloutStocks tumbled Thursday as investors digested the Federal Reserve’s decision a day earlier to hike interest rates and increasingly realized that the country may head into an economic recession.
Weiterlesen »