U.S. stocks drop for sixth session as rate woes persist - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 32 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 50%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

U.S. stocks ended a volatile session lower after a slew of Federal Reserve officials hammered home their resolve to remain aggressive in their fight against inflation.

The S&P 500 dropped for the sixth straight session, its longest losing streak since February 2020, sparked by harsh central bank tightening programs. The index swung between gains and losses throughout the session after the Federal Reserve’s James Bullard added to a chorus of officials saying more rate hikes are needed and the risks to the economy remain elevated.

“It is an unsettled market,” said Louise Goudy, partner at Crewe Advisors. “People aren’t sure what the direction and the terminal rate will be, and that’s until we get a better sense of where we’re really going. But the Fed knows that inflation is a genie that’s hard to get back in the bottle and they want to make sure that they take care of the problem at hand and while there are some signs that it is certainly cooled with their blunt hammer of discount rates.

Higher interest rates and the dollar are driving a lot of the recent selling, Shawn Cruz, head trading strategist at TD Ameritrade, said in an interview.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 83. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

U.S. stocks, commodities drop; U.S. Treasury yields surge - BNN BloombergU.S. stocks fell in a volatile session exacerbated by sharp moves in the U.K. currency and bond markets, as hawkish central banks across the globe continued to subdue sentiment.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »

U.S. stocks tumble as recession fears mount - BNN BloombergU.S. stocks extended last week’s declines on Monday as aggressive central banks across the globe stoked fears of a recession.
Källa: BNNBloomberg - 🏆 83. / 50 Läs mer »