Trading Day: Lift Off!
4 Articles
4 Articles
Trading Day: Lift off!
ORLANDO, Florida, Sept 16 : The U.S. Federal Reserve raised interest rates on Wednesday for the first time in more than three years and signaled more tightening lies ahead, triggering a sharp rise in the dollar, a slump in the Dow and S&P 500, and a significant flattening of the Treasury bond yield curve.
The US Federal Reserve raised interest rates by 0.25 percentage points, while individual stock exchange indices react slightly negatively, while bond yields tend to ease somewhat.
Dow Closes 631 Points Lower as Warsh Keeps Another 2026 Hike in Play
The Dow Jones Industrial Average closed 631.21 points lower Wednesday after Federal Reserve Chair Kevin Warsh turned a widely expected rate increase into a warning that policy may tighten again this year. The blue-chip index finished at 51,461.90, down 1.2%. The selloff was not the market’s first response. Stocks initially held modest gains after the…
Dow Drops 631, Nasdaq Slips 3, S&P 500 Falls 34
NEW YORK (AP) — U.S. stocks slipped Wednesday after the Federal Reserve hiked its main interest rate for the first time in three years and suggested more may be ahead as it tries to get the nation’s high inflation under control. The S&P 500 fell 0.4% after giving up a modest gain from earlier in the day. The Dow Jones Industrial Average dropped 631 points, or 1.2%, and the Nasdaq composite was nearly unchanged after edging down by less than 0.1%…
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