Stocks plummet to 22-month low as Fed hawks circle - BNN Bloomberg

US stocks plunged to the lowest since November 2020 as another group of Federal Reserve officials struck a hawkish tone, and turmoil in Europe continued to fray investor nerves.

Signs of stress emerged in the interest-rate swaps market and a leveraged-buyout deal was shelved. US Treasuries pared earlier losses, with the 10-year yield hovering around 3.76 per cent. “I was actually really surprised by the impact that the Bank of England had on the global market,” said Fiona Cincotta, senior financial markets analyst at City Index. “Yet, it was short-lived, the relief rally. We sort of pushed past that quite quickly and it seems to be back to that narrative of inflation fears, higher-interest-rate fears.”

Energy, miners and cannabis! 🇨🇦 tsx_tsxv

Since 2015: 65 - 70% of my investments have been in US equities. Little confidence in Trudeau and his Liberal Govt.

I invest in Canadian Equities, US Equities, European Equities, Asian Equities

I only invest in Canadian GICs

...because rate of exchange is a killer.

With this currency exchange….

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.

Wall Street and Main Street bail on U.S. stocks with Fed enemy No. 1 - BNN BloombergThe U.S. Federal Reserve isn’t done tightening the screws on the economy -- and doesn’t care what that does to your portfolio.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

U.S. stocks drop as Fed's hawkish drumbeat persists - BNN BloombergU.S. stocks dropped as fresh data painted a picture of an economy that can handle further Federal Reserve tightening, and concern about the global economy overshadowed the Bank of England’s move to restore calm.
Source: BNNBloomberg - 🏆 83. / 50 Read more »