Fed Hikes Interest Rates… Wall Street Warns of S&P 500 Correction of Up to 10%
9 Articles
9 Articles
Concerns about a stock market correction are spreading on Wall Street following the U.S. Federal Reserve's interest rate hike. Experts have warned of an index correction of approximately 10%, citing increased corporate cost burdens and deteriorating profit margins. Major global sovereign wealth funds are also expressing caution regarding future changes in the market environment, assessing that the past high returns of U.S. stocks are unlikely to…
The New York Stock Exchange closed lower on Wednesday after the Fed raised interest rates. The Dow Jones fell 631.21 points, while the Nasdaq fell 3.14 points.
On the 16th, the Dow Jones Industrial Average on the New York Stock Exchange fell for the third consecutive day, closing down 631.21 points at 51,461.90. The decline was driven by growing expectations that the Federal Reserve (FRB) will continue raising interest rates, leading to selling pressure due to concerns about a prolonged period of monetary tightening…
The New York stock exchange closed lower following the Federal Reserve's (Fed) interest rate decision. At the close, the Dow Jones index fell 1.21 percent to 51,461.90 points.
The New York stock exchange closed lower today following the Federal Reserve's (Fed) interest rate decision.
Wall Street was in a tailspin after the Federal Reserve raised its benchmark interest rate and signaled another hike this year. All leading indexes changed color from green to red following the announcement.
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