Market Snapshot: Dow skids nearly 900 points, S&P 500 down 2.7% as stocks head for worst day in 3 months

0
21

The Dow Jones Industrial Average tumbled almost 900 points on Thursday, putting U.S. stocks on track for their worst day in three months, as investors digested tough talk from the Federal Reserve on inflation that revived concerns about a potential U.S. recession.

What’s happening

Stocks posted moderate losses Wednesday after the Federal Reserve delivered a half-point rate hike and signaled that rates would likely peak above 5% in 2023.

What’s driving markets

Stocks…

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleTesla has a ‘Twitter nightmare,’ this analyst says, and it’s not going away
Next article: Gold futures down a second session, under pressure by a stronger dollar

LEAVE A REPLY

Please enter your comment!
Please enter your name here