Stocks end lower as global central banks follow Fed in hiking rates

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

U.S. stocks ended lower Thursday, adding to sharp declines after the Fed on Wednesday delivered a 75 basis point rate hike and signaled significant further tightening ahead. The Dow Jones Industrial Average fell around 108 points, or 0.4%:

U.S. stocks ended lower Thursday, adding to sharp declines suffered the previous session after the Federal Reserve delivered a 75 basis point rate hike and signaled significant further tightening ahead.

A number of other major central banks, including the Swiss National Bank and the Bank of England, delivered rate hikes on Thursday as investors fret that monetary tightening will lead to a sharp economic slowdown or recession. The Dow Jones Industrial Average DJIA, -0.35% fell around 108 points, or 0.4%, to finish near 30,076, according to preliminary figures. The S&P 500 SPX, -0.84% ended 0.8% lower near 3,758, while the Nasdaq Composite COMP, -1.37% slumped 1.4% to close near 11,067.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Life is an opportunity but it comes for those who extremely have the zeal to achieve it don't sit back and watch others earning greatly just give it a try now evelyn__anna

I received my payout today and i am so excited all thanks to her who made it possible evelyn__anna

$82k SUCCESSFULLY HARVESTED THANKS evelyn__anna YOU ARE GOD SENT TO SAVE ME evelyn__anna72 send her a follow for a successful investment

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow drops over 500 points as stocks end sharply lower after Fed rate hikeStocks took a sharp turn lower to end a choppy session Wednesday, sinking after the Federal Reserve delivered a widely expected 75 basis point rate hike. The Dow Jones Industrial Average dropped around 522 points, or 1.7%, to end near 30,184: if im correct this may be the first time the market has fallen immediately after a rate hike rather than the day after.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks slump on Wall Street as Fed steps up inflation fightStocks closed sharply lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months.
Source: KPIXtv - 🏆 443. / 53 Read more »