Nasdaq composite dropped 3.2%, likewise its worst decline since Nov. 2.If you're wondering about the significance of Nov. 2, it was a day when the Fed lifted interest rates by three-quarters of a percentage point, accompanied by hawkish comments from Fed chair Jerome Powell, who said the central bank still had "a ways to go" before it stopped hiking.Wednesday, saying there would be more pain to come for the economy, as the Fed continued raising rates.
The S&P 500 is down now down 18.3% for the year, putting it on track for its worst performance since 2008.
Don't worry there will be a Santa Claus rally
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:
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.
US stocks fall after Fed hikes rates, signals more to comeStocks turned lower on Wall Street and Treasury yields rose after the Federal Reserve raised its benchmark interest rate and signaled more hikes ahead
Source: WOKVNews - 🏆 247. / 63 Read more »
Stocks stumble after Fed hikes rates, signals more to comeStocks ended lower in bumpy trading on Wall Street after the Federal Reserve raised its benchmark interest rate in its fight against inflation and signaled that more hikes lay ahead
Source: WOKVNews - 🏆 247. / 63 Read more »
Stocks dip after Fed raises key rates another half-point -SAN DIEGO (KUSI) – On Wednesday, Dec. 14, the Federal Reserve announced it will be hiking interest rates an additional half point to reinforce their fight against inflation. The key short term rate for U.S. loans is now 4.25-4.75%. The Fed has repeatedly increased interest rates in hopes of a “soft landing” as the nation faces a potential recession. This... federalreserve Why do we need the fed? Decentralised currency is the only way. Anything else is slavery. We are at 31 trillion in debt. Impossible to pay back. Guess it’s great news for the bloodline’s children. They are free. We will never be if this doesn’t change.
Source: KUSINews - 🏆 241. / 63 Read more »
Asian stocks sag with dollar as hawkish Fed spurs recession fearsAsian stocks sagged on Thursday, tracking declines on Wall Street, after the U.S. Federal Reserve projected higher interest rates for a longer period. Etrade dont exactly allow me to trade on china stocks so.. not tall that important to me .
Source: Reuters - 🏆 2. / 97 Read more »
Asian stocks follow Wall Street’s downward path in wake of Fed warning on rate-hike outlookMarkets register displeasure, even dismay, over U.S. central bank’s vow to remain aggressive in lifting lending costs until it is clear inflation has been...
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian stocks sag with dollar on hawkish Fed, China COVID worriesAsian stocks sagged on Thursday, tracking declines on Wall Street after the U.S. Federal Reserve projected higher interest rates would persist for a while.
Source: Reuters - 🏆 2. / 97 Read more »