Dow tumbles over 1,000 points and the S&P 500 is hovering on the precipice of bear market territory as US markets continue downward on inflation fears.
New York The old joke goes like this: Two friends are at a resort and one says,"The food here is really terrible." The other replies,"And the portions are so small!" Today, it's investors who dislike the taste of the Federal Reserve's interest rate hikes — but seemingly want more anyway.
Markets have plummeted over the past month as the Federal Reserve telegraphed that it would regularly hike interest rates by half a percentage point for the foreseeable future to combat persistent inflation. On Wednesday, the Dow shed more than 1164 points, or 3.6%, its biggest loss since 2020. The broader market lost 4%, putting the S&P 500 on the precipice of bear market territory. The Nasdaq Composite lost 4.73%. Now, investors are asking for more.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dow jumps over 300 points after retail sales data as investors await Fed's PowellU.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited remarks by Fed Chairman Jerome Powell.
Baca lebih lajut »
Markets Week Ahead: Dow Jones, US Dollar, Oil, GBP/USD, AUD/USDRisk assets climbed going into the weekend, but it wasn't enough to pull major US indexes into positive territory. Traders are watching the wires for further clues on inflation and the global labor...
Baca lebih lajut »
Stocks had their worst day in more than two yearsIt's the fourth time in 2022 that the Dow has fallen by more than 900 points.
Baca lebih lajut »
Stocks Skid After Disappointing Retailer EarningsU.S. stock indexes fell sharply, with the Dow dropping more than 800 points following signs that rising costs were weighing on some companies’ profits.
Baca lebih lajut »
Stocks fall sharply as Target's woes renew inflation fearsThe Dow Jones Industrial Average sank more than 1,100 points and the S&P 500 had its biggest drop in nearly two years Wednesday.
Baca lebih lajut »