Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation
Dow, NASDAQ erase gains as Fed officials hint faster tightening amid high inflation On Tuesday, Wall Street reversed previous gains as the Federal Reserve’s expected monetary tightening dragged growth stocks back into negative territory. Early in the afternoon, all three main U.S. stock indexes turned negative, driven down by healthcare and financials. The reversal began
Read moreThe Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise
The Dow is down more than 400 points, and the Nasdaq is down 2.2 percent, as Treasury rates continue to rise Investors continued to mull over the ramifications of the Federal Reserve’s probable half-point rate rise in May, as well as a more fast liquidation of the central bank’s balance sheet than in the past,
Read moreDow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board
Dow Jones Futures Drop during Market Rally; Tesla CEO Elon Musk Will Not Join Twitter’s Board Dow Jones futures, as well as S&P 500 and Nasdaq futures, dipped Sunday night, as Treasury rates continued to rise. In March, Tesla China sales were strong, but the Shanghai facility was shutdown. Meanwhile, Tesla CEO Elon Musk will
Read moreFollowing Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives
Following Thursday’s rally, stock futures are barely changed as investors examine the Federal Reserve’s objectives On Thursday night, U.S. stock futures were barely changed after the main averages made a late-day recovery as investors assessed the chances of the Federal Reserve tightening monetary policy to battle inflation. Futures for the Dow Jones Industrial Average
Read moreStocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction
Stocks in the US fell in turbulent trade as the Federal Reserve announced a $95 billion monthly balance sheet reduction In a bumpy trading day on Wednesday, US equities sank after minutes from the Federal Reserve’s most recent meeting revealed intentions to decrease its balance sheet by $95 billion each month. A total of $60
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