Stocks Plunge As Interest Rates Rise; Tech, Showbiz Shares Pummeled, Outlier Twitter Posts Gains

Most stocks and sectors closed down Thursday in a massive and broad market selloff that thrashed media and tech shares from big showbiz conglomerates to Amazon, Apple and Meta toWith the trading day done, the Dow 30 is down more than 3% having shed over 1,100 points . The Nasdaq was the hardest hit, off 5%, with the S&P 500 and Russell 2000 lower by, respectively, 3.6% and 4.87%. Stocks and bonds were both lower.

Today the market’s euphoria was replaced by fear. Fed chief Jerome Powell must be extremely deft to juggle interest rate hikes, which cool the economy off, with the risk of recession. Earnings season is also under way with mixed numbers coming from across sectors, including media.

It’s just depressing watching the market 😩

We'll find out what record $800 billion margin debt does right about 4pm today... Margin calls! Ain't they a bitch? NASDAQ DowJones SPX MarginCall bidenflation Powell FederalReserve inflation Biden did that! It's offical BidenWorstPresidentEver

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Plunges 900 Points, Tech Shares Crater As Stocks Erase Gains From Post-Fed RallyDespite a post-Fed rally a day earlier, the ongoing market sell-off continued with a vengeance on Thursday.
Source: Forbes - 🏆 394. / 53 Read more »

Here's How Much Cash Retirees Need to Weather a Stock Market DownturnWith high inflation and rising interest rates, many worry about a prolonged stock market downturn. Here’s how much cash retirees need to prepare.
Source: NBCDFW - 🏆 288. / 63 Read more »