Stocks fell sharply Thursday, but ended well off session lows, as resilient economic data reinforced expectations for the Federal Reserve to continue tightening monetary policy aggressively into 2023.
The Dow Jones Industrial Average DJIA, -1.05% finished with a loss of nearly 350 points, or 1%, after dropping more than 800 points at its session low. The S&P 500 SPX, -1.45% ended 1.4% lower, while the Nasdaq Composite COMP, -2.18% shed 2.2%.
sees nonsensical that we are pointing to upgraded growth for reason for fall vs awful LEI. Its like we live in opposite land.
The leaders of the Federal Reserve should be relieved of duties.
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