Recession fears mounted Thursday, a day after the Federal Reserve slowed the pace of interest-rate hikes but forecasted a higher peak rate, pushing three benchmark indexes sharply lower, but well off their session lows in the final hour of trade. The Dow Jones Industrial Average fell 714 points, or 2.
1%, to 33,248, on track to book its biggest daily decline in over three months. The S&P 500 slumped 2.3%, while the Nasdaq Composite dropped nearly 3%, both heading for their worst days since September. Central banks in Europe on Thursday followed the Fed in slowing the pace of interest rate increases. The European Central...
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:
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow Declines 600 Points; Retail Sales Data Adds to Recession FearsThe Dow fell more than 300 points at the open, extending Wednesday's losses after the Fed signaled rates may have to move higher than previously thought My name is Mark and I give loan to people who needs it, but promise to pay me back when it's time , same to people who needs it to start a business to only people in US ,Europe and Asia In one month that will look like a good Open.... See me in 5 weeks 😉 Waiting for Biden’s presser to brag about it… Oh… wait… that’s not a good thing?… nevermind.
Source: WSJ - 🏆 98. / 63 Read more »
Dow plunges in perfect storm for stocksInvestors got a second-day jolt with the economy slowing as prices and interest rates are expected to keep rising. The Federal Reserve hiked rates by 50 basis points on Wednesday. Thanks Joe! We are all waiting for it.
Source: FoxBusiness - 🏆 458. / 53 Read more »
Fed bets on strong jobs market to keep U.S. out of recessionThe Federal Reserve is worried a tight labor market might fuel high inflation, but it is also betting on the strong demand for labor to keep the economy out... Bets. Sums them up! Lmfao We’re already in a recession.
Source: MarketWatch - 🏆 3. / 97 Read more »