Major stock indexes posted one of their worst days in months as investors once again sell off in anticipation of further restrictive policy from the Federal Reserve as the central bank's effort to cool the U.S. economy hits further road bumps.The Dow Jones industrial average tanked as much as 520 points, or 1.5%, by midday, while the S&P 500 and tech-heavy Nasdaq slid as much as 1.3% and 1.5%, respectively.
The downswing came as investors digested several reports indicating there was stronger labor market growth than expected—prompting Dallas Fed president Lorie Logan to suggest that two increases to the federal funds rate may be on the way.
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.
Dow Plunges 500 Points As Investors Brace For ‘Much More’ Aggressive Fed ActionAll but two American stocks valued at over $100 billion slid Thursday.
Source: Forbes - 🏆 394. / 53 Read more »
Dow ends over 360 points lower as ADP jobs data sparks surge in bond yieldsStocks ended with a loss on Thursday after a large jump in an estimate of private-sector jobs growth underlined worries about interest-rate hikes. The Dow Jones Industrial Average fell around 366 points, or 1.1%, to close near 33,922:
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock market today: Dow slips as Fed minutes show more hikes ahead; Meta jumps By Investing.com*U.S. STOCKS END LOWER ON WEDNESDAY AS FED MINUTES SHOW MORE RATE HIKES AHEAD $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Source: Investingcom - 🏆 450. / 53 Read more »
Biggest Movers: BCH Price Plunges Following Recent 15-Month High – Market Updates Bitcoin NewsBitcoin cash was once again in the red on July 5, as traders continued to secure gains following a recent 15-month high.
Source: BTCTN - 🏆 531. / 51 Read more »