'Market should be pretty upset': Tech stocks brace for more bleeding as Fed ratchets up rates

  • 📰 financialpost
  • ⏱ Reading Time:
  • 22 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 85%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

Higher rate target a clear escalation in Fed\u0027s effort to stamp out inflation and creates high likelihood of recession, strategist says

Amazon.com Inc. and and Meta Platforms Inc. dropped more than two per cent on Wednesday in a volatile session that also saw the Nasdaq 100 Stock Index falling to its lowest level since July 1 after a brief rally. The index closed 1.8 per cent lower, while the S&P 500 fell 1.7 per cent. Amazon traded 0.7 per cent lower post-market, while Apple slid 0.4 per cent.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300A welcome email is on its way. If you don't see it, please check your junk folder.We encountered an issue signing you up.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 7. in BE

Belgique Dernières Nouvelles, Belgique Actualités