Published 2 years ago

Wall Street falls in volatile trading as focus turns to Fed meet

Summary by Ground News

U.S. stocks were set for a lower open on Monday as growth stocks came under pressure again. Investor focus on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.Megacap growth stocks slipped in premarket trading, with electric-car maker Tesla Inc (TSLA.O) down 1.6%. Amazon.com (AMZN.O), set to extend sharp declines from last week. Fed policymakers look set to deliver a series of aggressive interest rate hikes until the summer.

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Times of India

Wall Street up before Fed meet as tech buying punctuates volatile trade

Nervousness heading into the meeting was reflected in a topsy-turvy session for U.S. equities. After positive moves to start the day, the S&P 500 fell to its lowest intraday point since May 2021, and the Nasdaq touched a level last seen in November 2020.

2 years ago·India

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Reuters

Wall Street falls in volatile trading as focus turns to Fed meet

Wall Street's main indexes fell in volatile trading on Monday, dragged down by Amazon.com and financial stocks, with investor focus squarely on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates.

2 years ago·United Kingdom

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The Star Kuala Lumpur

Wall Street up before Fed meet as tech buying punctuates volatile trade

NEW YORK: Wall Street's main indexes closed a seesaw session higher on Monday, as investors bought in to technology names in the last hour of trading amid bets they had been overly beaten down ahead of this week's Federal Reserve meeting.

2 years ago·Malaysia

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IBTimes

Wall St Eyes Lower Open As Growth Stocks Come Under Fresh Pressure

U.S. stocks were set for a lower open on Monday as growth stocks came under pressure again, with investor focus on the Federal Reserve meeting this week where policymakers are widely expected to raise interest rates. Megacap growth stocks slipped in premarket trading, with electric-car maker Tesla Inc down 1.6%. Amazon.com fell 1.8%, set to extend sharp declines from last week. Apple slid 0.7% as the iPhone maker faced a possible hefty fine afte…

2 years ago·United States

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Financial Express

US Stocks: Wall Street eyes lower open as growth stocks come under fresh pressure

There won't be economic or dot plot projections at this meeting, but the market will pay close attention to Fed Chair Jerome Powell's press conference for clues on interest rates and balance sheet reduction.

2 years ago

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BW Businessworld

Wall Street Up Before Fed Meet As Tech Buying Punctuates Volatile Trade

The gathering of U.S. central bank policymakers is widely expected to raise interest rates by half a percentage point, with this week's move expected to kick off a period of aggressive rate hikes to counter inflation, , wall street, nasdaq, federal reserve

2 years ago

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