"This kind of win is extremely rare," says Alex Sasso, chief executive officer and small-cap portfolio manager at NCM Investments.Stock market today: Stocks slump worldwide as allure grows to buy a Treasury bill and chill
NEW YORK — Wall Street is slumping again Thursday as stock prices drop worldwide on expectations that U.S. interest rates will stay high well into next year. The S&P 500 was 1.1% lower in midday trading. That follows a similar drop from Wednesday after the Federal Reserve indicated it may cut interest rates next year by just half what it earlier predicted.
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.
Stocks retreat as Wall Street braces for 'higher for longer' rates: Stock market news todayUS stocks were poised to continue their retreat on Thursday as investors worried over the Fed's hawkish stance.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia Stocks Face Headwinds From Wall Street Slide: Markets Wrap(Bloomberg) -- Equity markets in Asia are likely to face selling pressure as worsening risk sentiment drove US stocks to session lows after the Federal Reserve signaled interest rates will be higher for longer. Most Read from BloombergVegas’ Newest Resort Is a $3.7 Billion Palace, 23 Years in the MakingFed Set to Pause Rate Hikes, But Don’t Count Out Another IncreaseTrudeau’s Murder Claim Risks Upending US Courtship of IndiaStocks Fall as Yields Rise on Fed’s ‘Hawkish Skip’: Markets WrapDollar R
Source: YahooFinanceCA - 🏆 47. / 63 Read more »
Asia Stocks Face Headwinds From Wall Street Slide: Markets WrapEquity markets in Asia are likely to face selling pressure as worsening risk sentiment drove US stocks to session lows after the Federal Reserve signaled interest rates will be higher for longer.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Stock market today: Wall Street stays mixed, bond yields rise after FedNEW YORK (AP) — U.S. stocks are mixed Wednesday after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 was 0.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street slumps after Fed warns rates may stay higher through 2024NEW YORK (AP) — U.S. stocks slumped after the Federal Reserve said it may not cut interest rates next year by as much as it earlier thought, regardless of how much Wall Street wants it. The S&P 500 fell 0.9% Wednesday.
Source: SooToday - 🏆 8. / 85 Read more »
Stock market today: Wall Street drifts again in the countdown to a Federal Reserve announcementNEW YORK (AP) — Stocks are ticking higher as Wall Street waits to see the Federal Reserve’s latest forecasts for where interest rates may be heading. The S&P 500 was up 0.
Source: SooToday - 🏆 8. / 85 Read more »