9pm Markets Update: US stocks plunge on fears that interest rates will stay high

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 1 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 71%

Canada News News

Canada Canada Latest News,Canada Canada Headlines

The S&P 500 lost 1.6% for its worst day since March

Wall Street fell sharply in an ugly day for stocks worldwide on expectations that US interest rates will stay high well into next year.That followed a drop of 0.9% from Wednesday after the Federal Reserve indicated it may cut interest rates next year by just half of what it had 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:

 /  🏆 8. in CA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Canada Canada Latest News, Canada Canada Headlines