Dow ends ugly session 3.1% lower while Nasdaq plunges 5%
0 Comments

US stocks closed Thursday sharply lower as investor sentiment cratered in the face of concerns that the Federal Reserve’s interest rate hike would not be enough to tame surging inflation.

All three main Wall Street benchmarks erased gains made during a relief rally on Wednesday. Technology megacaps slumped, including Google-parent Alphabet Inc, Apple Inc, Microsoft Corp , Meta Platforms, Tesla Inc and Amazon.com.

Wall Street slumps as investors fear bigger Fed rate hikes; Nasdaq falls 4%

Nasdaq ends at lowest level since Nov 2020, tech megacaps slump up to 8%

Dow, Nasdaq plunge sharply on account of US Fed hike, markets expected to remain volatile

Wall St: Nasdaq slumps 5% as bets of big rate hikes grow; Dow sheds over 1,000 pts

Dow ends ugly session 3.1% lower while Nasdaq plunges 5%

Author

mukeshathavale.manzi@gmail.com

Leave a Reply

Your email address will not be published. Required fields are marked *