U.S. stocks opened lower Friday, with all three major benchmarks on track for a second straight week of declines in the wake of the Federal Reserve's policy meeting on Wednesday. The Dow Jones Industrial Average was down 0.7% soon after the bell, while the S&P 500 dropped 0.6% and the Nasdaq Composite shed 0.
3%, according to FactSet data, at last check. The Fed signaled Wednesday that its benchmark interest rate could rise above 5% next year, striking a hawkish tone that sparked a stock market slump amid recession fears. Investors will see fresh economic data on U.S. manufacturing and services at 9:45 a.m. Eastern...
Of course it is.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market sinks as Federal Reserve signals it will remain aggressive in order to tame inflationStocks fell broadly on Wall Street Thursday following the latest signal from the Federal Reserve that interest rates will need to go higher. Federal Reserve is making life worse, not better.
Source: ABC7Chicago - 🏆 284. / 63 Read more »
Stock market sinks as Federal Reserve signals it will remain aggressive in order to tame inflationThe slide erased all the weekly gains for the major indexes.
Source: abc7newsbayarea - 🏆 529. / 51 Read more »
Stock market sinks as Federal Reserve signals it will remain aggressive in order to tame inflationThe slide erased all the weekly gains for the major indexes. How can the Federal Reserve signal it will be aggressive, when they only increased the interest rate by 05%? I would hope interest reaches 5%. It's not even 4% yet. Yeah, aggressively STUPID, which is par for Bananas Biden and Horrible Harris (bottom of the class honors}.
Source: ABC7NY - 🏆 592. / 51 Read more »
Stock market sinks as Federal Reserve signals it will remain aggressive in order to tame inflationThe slide erased all the weekly gains for the major indexes. They know what they're doing. Buy the dip Short selling is sweet. Joe Kennedy Sr made a fortune during the depression shorting.
Source: 6abc - 🏆 250. / 63 Read more »