NEW YORK, Dec 15 — Wall Street stocks tumbled early today on disappointing US retail sales as the ECB and other central banks followed the Federal Reserve in hiking interest rates again.
Meanwhile, the European Central Bank and the Bank of England were among the central banks lifting interest rates, with both increasing by 50 basis points. The broad-based S&P 500 fell 1.5 per cent to 3,937.43, while the tech-rich Nasdaq Composite Index dropped 1.7 per cent to 10,985.91.
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