Wall Street has been hoping that easing inflation and a slowdown in economic growth might influence the Federal Reserve's position on interest rates. The central bank aggressively raised rates throughout 2022 in an effort to cool hot inflation, but that has hurt prices of stocks and bonds, and risks going too far and bringing on a recession.
"I still see the larger risk coming from tightening too little," Mester said in an interview Tuesday with The Associated Press. "Today's retail sales and industrial production disappointments increase the likelihood of a recession," said Sam Stovall, chief investment strategist at CFRA. All told, the S&P 500 fell 62.11 points to 3,928.86. The Dow dropped 613.89 points to 33,296.96. The tech-heavy Nasdaq slid 138.10 points to close at 10,957.86.
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 News Today: Dow Loses Over 600 Points On Inflation, Retail DataThe Dow dropped more than 600 points as new data raised concerns about economic growth. Treasury yields fell sharply. I thought too much growth was the problem last year 🤔 Democrats destroying our economy 😢 dow jones is over inflated balloon
Source: WSJ - 🏆 98. / 63 Read more »
STOCK MARKET NEWS: Dow drops over 600 points, Microsoft, Amazon layoffs, retail sales slideAmazon and Microsoft step up layoffs, Davos organizers slam Elon Musk, mixed data on producer prices and retail sales. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. Not a great week so far... Let them all tank.... they should feel what they have done to the Citizens. Thats the Fed’s plan
Source: FoxBusiness - 🏆 458. / 53 Read more »
Dow drops more than 600 points as U.S. stocks end lower amid economic slowdown fearsU.S. stocks closed sharply lower Wednesday after fresh economic data showed retail sales fell in December, with investors worried about slowing growth. The Dow Jones Industrial Average sank more than 600 points to end 1.9% lower:
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market outlook: S&P 500 could swing 20% on the way to 4,200The S&P 500 could see a 20% swing and reach 4,200 this year as the market weathers a mild 'economic malaise,' says Wells Fargo stock strategist Show me his position otherwise it's BS. harrassment Brian Evans
Source: BusinessInsider - 🏆 729. / 51 Read more »
Stock-market rally looks ‘unsustainable’ as S&P 500 enters ‘new, lower valuation regime,’ warns CitiThis year's stock-market rally has pushed the S&P 500 to valuation levels that make it difficult for the index to climb much higher based on the current...
Source: MarketWatch - 🏆 3. / 97 Read more »
S&P 500 Futures, Treasury bond yields depict market’s anxiety ahead of key catalystsS&P 500 Futures, Treasury bond yields depict market’s anxiety ahead of key catalysts – by anilpanchal7 SP500 Futures YieldCurve CentralBanks Macroeconomics
Source: FXStreetNews - 🏆 14. / 72 Read more »