Stocks are tanking with the Dow down more than 1,000 points

Traders, however, on Thursday raised their bets on a 75 basis point hike at the Fed’s June meeting.

“It’s very much a public situation where everyone is seeing the pain of the Fed taking away the punchbowl play out on a daily basis.” At 12:08 p.m. ET, the Dow Jones Industrial Average was down 1,056.76 points, or 3.10 per cent, at 33,004.30, the S&P 500 was down 157.38 points, or 3.66 per cent, at 4,142.79, and the Nasdaq Composite was down 634.50 points, or 4.89 per cent, at 12,330.35. Canada’s TSX was down 449.95 points at 20,735.

All of the 11 major S&P sectors declined, with consumer discretionary and technology being the worst hit and slumping 5.5 per cent and 4.8 per cent, respectively.The focus now shifts to the U.S. Labor Department’s closely watched monthly employment report on Friday for clues on labor market strength and its impact on monetary policy.

Someone made a fortune

Thanks to this idot!!

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

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

Posthaste: Small business owners are not OK — many say they're on the verge of burnoutCFIB report suggests entrepreneurs are at their breaking point after two years of pandemic stress Poll: Does Canada need to continue wage subsidy for SmallBusiness? ⚠️ brink of massive business collapse in 🇨🇦 cafreeland theJagmeetSingh FinanceCanada CanadianPM True JustinTrudeau cafreeland CFIB fordnation StevenDelDuca AndreaHorwath cp24 CBCToronto esp. with Rent & Wage subsidies ending & high cost of OPERATING a store with politician platform abt. Wage increase too.remaining SME’s will just CLOSED than building a CANCER CELLS! Corporations and banks are making huge profits
Source: nationalpost - 🏆 10. / 80 Read more »