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

Indonesia Berita Berita

9pm Markets Update: US stocks plunge on fears that interest rates will stay high
Indonesia Berita Terbaru,Indonesia Berita utama

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

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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.

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