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Bear in mind, the Dow first closed above 30,000 on Nov. 24, 2020 , and went on to reach an all-time intraday high that very nearly touched 37,000 back in the first week of January this year.
The wholesale retailer said it's seeing higher freight and labor costs and reported operating margins slightly below consensus expectations.The dollar index hit its highest level since 2002. The Dow Jones Industrial Average fell by 340 points, or 1.1%, touching below its June closing low and the 30,000 level. The S&P 500 slid 1.3% and the Nasdaq Composite lost 1.2%.Oil hit a trading low of $79.64 per barrel Friday, marking the first time since early January it has traded below $80 per barrel.
"A lot of people can't get done what they want to get done, so they're getting done what they can get done.
Citi suggests investors take a defensive stance to play this uncertain market. The bank maintains a long position in healthcare, replacing its previous position in communication with utilities and staying short on financials and industrials.All the major averages are slated to end the week with losses ahead of Friday's trading session, with the Dow on track to break below its June closing low.Down 17.2% this year, 2.4% for the weekDown about 3% for the week, 21.1% this yearDown 3.
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Thanks 81+
This is ALL ON JOE BIDEN
😏
Of course it did did you expect another outcome?
This entire drop is an orchestrated sham by WS hedge funds
This entire drop is an orchestrated sham by WS hedge funds
GamronBenjamin are inflationary bear market good for elections?
Inflation reduction act really works! Right, AOC ?
If interest rates were the real cause of inflation, the US would have seen inflation 2008-2015 when the FFR was 0% for 7 years. But there was none. That’s why fighting inflation with higher rates makes no sense. It’s about money supply, not rates. Replace J Powell.
Are we still building back better? Asking for my 401.
Not sure how they Fidelity) can continue to say hold while my IRA continues to sink!
Dark Brandon strikes again!
United States United States Latest News, United States United States Headlines
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Stocks slump on Wall Street as Fed steps up inflation fightStocks closed sharply lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months.
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Stocks end lower as global central banks follow Fed in hiking ratesU.S. stocks ended lower Thursday, adding to sharp declines after the Fed on Wednesday delivered a 75 basis point rate hike and signaled significant further tightening ahead. The Dow Jones Industrial Average fell around 108 points, or 0.4%: I received my payout today and i am so excited all thanks to her who made it possible evelyn__anna $82k SUCCESSFULLY HARVESTED THANKS evelyn__anna YOU ARE GOD SENT TO SAVE ME evelyn__anna72 send her a follow for a successful investment Life is an opportunity but it comes for those who extremely have the zeal to achieve it don't sit back and watch others earning greatly just give it a try now evelyn__anna
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Stocks swing lower after Fed hikes, raises outlook for ratesU.S. stocks gave up gains to turn lower Wednesday afternoon after the Federal Reserve, as expected, raised its fed funds rate by 75 basis points, while also... So, because i paid $100 more on stuff this month, Powell raised the mortgage rates to 6% so my payments increase by $1000 per month....someone please explain this strategy to stupid old me? This only benefits the banks.
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Crypto-Linked Stocks Rally After Fed Rate HikeCryptocurrency-exposed stocks rose along with bitcoin and ether following the Federal Reserve's announcement Wednesday to boost the interest rate 75 basis points. mikeybellusci pleeaseed ! 🔥 I wish I found this eearlieer mikeybellusci Then plummet immediately after! mikeybellusci Well, I am not sure that is truthful ... go check those charts again.
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Dow drops over 500 points as stocks end sharply lower after Fed rate hikeStocks took a sharp turn lower to end a choppy session Wednesday, sinking after the Federal Reserve delivered a widely expected 75 basis point rate hike. The Dow Jones Industrial Average dropped around 522 points, or 1.7%, to end near 30,184: if im correct this may be the first time the market has fallen immediately after a rate hike rather than the day after.
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