News Formal

Stocks post another loss as markets worry about higher rates

  • 📰 latimes
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 82%

United States News News

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

Stocks deepened their late August skid with more losses Tuesday, as Wall Street grapples with the prospect that high interest rates are here to stay until the Federal Reserve brings inflation down.

Under the Fast Food Recovery Act, a council would be authorized to set the minimum wage and regulate working conditions for fast-food workers.on the last day of July. That’s nearly two jobs for every unemployed person, on average. That number was up from 11 million in June, and June’s figure was also revised sharply higher.

Wall Street is worried that the Fed could hit the brakes too hard on an already slowing economy and veer it into a recession. Higher interest rates also hurt investment prices, especially for pricier stocks. The selling was widespread Tuesday, with all the sectors in the S&P 500 ending in the red. All told, the S&P 500 fell 44.45 points to 3,986.16. The Dow dropped 308.12 points to 31,790.87, and the Nasdaq fell 134.53 points to 11,883.14. The Russell 2000 gave up 27.35 points to close at 1,855.59.

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:

 /  🏆 11. in US
 

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

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 stocks mixed after Wall Street pullback on hawkish FedMarkets worldwide continue to digest Federal Reserve Chairman Jerome Powell's hawkish words on inflation and interest rates last week.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks headed for more pain as 3,900 becomes new line in the sand for the S&P 500, chart watchers sayA group of popular Wall Street technicians all see more pain ahead for stocks.
Source: MarketWatch - 🏆 3. / 97 Read more »