U.S. stocks opened sharply lower Thursday as investors digested fresh economic data following the Federal Reserve's decision to raise interest rates by a half percentage point as it battles high inflation. The Dow Jones Industrial Average fell 1% soon after the opening bell, while the S&P 500 dropped 1.
2% and the Nasdaq Composite slid 1.4%, according to FactSet data, at last check. The Department of Labor said Thursday that the number of Americans applying for unemployment benefits in the week ending Dec. 10 fell to a nearly three-month low of 211,000. That's below the total 232,000 that economists polled by the Wall...
“U.S. stocks open sharply lower” Recession market rallies will do this. Equities Delirium Tremens(EDT)™
Recession coming. Savings down. Credit card use up. Interest rates going up. Many sectors dramatically slowing.