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

📆 17/06/2022 07.28.00
📰 BDliveSA

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

Indonesia Berita Berita

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.

Tulis Komentar

Rate cuts? 🤷‍♂️

Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

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.
Sumber: dailymaverick - 🏆 3. / 84 Baca lebih lajut »