S&P 500 confirms correction as stocks stumble on war fears

  • 📰 Reuters
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 97%

United States News News

United States United States Latest News,United States United States Headlines

Geopolitical concerns have added to recent worries about the possible path of the Federal Reserve's interest rate hikes.

A trader looks at a screen that charts the S&P 500 on the floor of the New York Stock Exchange in New York, U.S., April 27, 2017. REUTERS/Brendan McDermid1% slump on Tuesday confirmed that the world's most watched stock index was in a correction for the first time since the 2020 Wall Street plunge brought on by the COVID-19 pandemic.

U.S. investors sold stocks amid growing fears of war between Russia and Ukraine, paring some losses after U.S. President Joe Biden announced a wave of sanctions against Russia. Those geopolitical concerns have added to recent worries about the possible path of the U.S. Federal Reserve's interest rate hikes as the central bank attempts to rein in inflation at 40-year highs.Earlier, NATO Secretary-General Jens Stoltenberg said that the alliance believed Russia was still planning a big assault on Ukraine following Moscow's recognition of two separatist regions in the former Soviet republic's east.The S&P 500 is now down 10.

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:

 /  🏆 2. in US
 

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

Correction? The ‘correction’ has only just begun. This market is being held up by funny money… It was already beginning its tumble back to earth before there were ‘war fears.’ We are about to see a historical fall in the markets… **not financial advice**

United States United States Latest News, United States United States Headlines

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

Asian Stock Market: Differs from firmer S&P 500 Futures amid mixed cluesMarkets in Asia fail to portray a broad risk-on mood amid mixed feelings at home. While portraying the mood, MSCI’s index of Asia-Pacific shares outsi
Source: FXStreetNews - 🏆 14. / 72 Read more »