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Stock market today: Dow closes lower on rate hike jitters, but notches 4th weekly win By Investing.com

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*DOW CLOSES LOWER ON RATE HIKE JITTERS, BUT NOTCHES 4TH WEEKLY WIN IN A ROW $DIA $SPY $QQQ 🇺🇸🇺🇸

Fed Governor Christopher Waller said further rate hikes were still needed to curb inflation, adding that investors shouldn’t “expect rates to fall any time soon.”sharply higher as investors upped their bets on further Fed monetary policy tightening ahead just as data showed signs of weakness in the consumer.

The report showed “further slowing in consumer spending, but importantly, not a sharp deterioration,” Morgan Stanley said in a note. “The largest declines were driven by a reversal in gas prices, but there was also broad-based weakness across nearly every category of spending,” it added.

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귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

Bigger picture, nearing the end of hikes. We are through the worst and market is looking ahead.

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