In this photo provided by the New York Stock Exchange, trader Michael Conlon, right, works on the floor, Tuesday, Jan. 25, 2022. Stocks fell sharply on Wall Street Tuesday, continuing a volatile bout of trading that has sent markets swinging between sharp losses and gains as investors gauge several threats.
Persistently rising inflation has been hammering businesses and consumers. Investors expect the Federal Reserve to begin raising interest rates as soon as March, but they also fear that the Fed could either be moving too late or could be too aggressive in fighting inflation. The central bank issues its latest policy statement Wednesday.
Technology stocks again led the losses as investors worry about rising interest rates. Higher interest rates tend to make shares in high-flying tech companies and other expensive growth stocks less attractive. Microsoft fell 2.9%.ADVERTISEMENT
20% of Americans own 80% of stocks. Of the 20%, only 1 or 2% own the lion's share. We're talking about an elite class of ppl, who benefit most from the stock market. Incomes have stalled or been eroded by inflation, stagflation, greed by big corps that pay little if any taxes!!
Trying to encourage a downswing, are you? After all the hype yesterday over a stock market crash, it closed UP. You don't hype an upswing early in the day, do you? And most of us don't even own stocks, so get your hype under control.
Abolish capitalism
And it's magically going to end the second Republicans are back in charge and business is happy, right?
Sure, it's 'inflation'
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