US stocks plunge on recession fears after steep rate cuts by central banks

📆 17/06/2022 0:28:00
📰 BDliveSA

⏱ Reading Time:
24 sec. here
2 min. at publisher
📊 Quality Score:
News: 13%
Publisher: 63%

España Noticias Noticias

Benchmark S&P 500 suffers its sixth decline in seven sessions after UK, Switzerland and US central banks hike rates in quick succession

Pedestrians are reflected in a window of the Nasdaq MarketSite in New York, US, June 15 2022. Picture: MICHAEL NAGLE/BLOOMBERG

But rate hikes on Thursday from the central banks of Switzerland and Britain reignited fears that attempts by central banks to curb inflation could lead to sharply slower growth worldwide or a recession. According to preliminary data, the S&P 500 lost 121.87 points, or 3.22%, to end at 3,668.12 points, while the Nasdaq Composite lost 448.28 points, or 4.04%, to 10,650.88. The Dow Jones industrial average fell 727.65 points, or 2.37%, to 29,940.88.

Escribir Comentario

Rate cuts? 🤷‍♂️

Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

España Últimas Noticias, España Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Business Maverick: Asia’s energy crunch turns from bad to worse on US export fireA new timeline presented on Tuesday to restart a key US liquefied natural gas export plant was much longer than traders had anticipated, while lower deliveries from Indonesia to Russia tightened global supply. Asian LNG futures for winter delivery surged to the highest level in over two months.
Fuente: dailymaverick - 🏆 3. / 84 Leer más »