Stocks sink as investors wait for the Fed's rate hike

The Dow fell more than 313 points, or 1%. The S&P 500 ended the day down 1.1% while the tech-heavy Nasdaq finished with about a 1% loss.There were no earnings reports of note on Tuesday...although a warning from Ford about inflation and supply chain woes added to investor worries. There was also not much economic data for investors to focus on other than a new housing report, which was mixed. Housing starts for August rose more than 12% from July, but building permits were down 10%.

"The consumer price index report has introduced a level of uncertainty about how the Fed will behave," said Garrett DeSimone, head of quantitative research at OptionMetrics. DeSimone said he thinks the Fed should raise rates by 100 basis points, a move that would be a"ripping off the Band-Aid hike."Expectations for higher rates pushed long-term bond yields up as well. The 10-year US Treasury hit 3.6% at one point Tuesday before edging back.

It's all a big game labor pays more corporate raises pricing to get it back a few years go by nobody gained except corporate!! Prices remain high the little guy never gets ahead. Joe's plan in the mean time just causes pain!

One thing I don’t understand! The Fed is doing the rate hikes for improving the economy! SO WHY IN THE HELL THE MARKET HAS BEEN REACTING NEGATIVELY EVER SINCE THE FIRST HIKE?

Look at the plastic talking heads. Holy shitt. Do they practice believing the bs they regurgitate for us or?

That’s great now no one can buy anything sure wish someone knew how to run the country why are we always struggling

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