Investors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
US stocks sank on Tuesday as healthcare insurers tumbled and investors faced the chance that an interest rate cut will come later than hoped. The Dow Jones Industrial Average slipped about 1.1%, or more than 400 points, setting the blue-chip index back from a bid to reach the key 40,000 level. The S&P 500 shed about 0.9%, while the tech-heavy Nasdaq Composite led the declines, sliding roughly 1.2%.
Hotter-than-expected manufacturing readings, which came alongside increases in prices paid, have given weight to growing doubts the Federal Reserve will cut rates in the first half of the year as the US economy shows surprising resilience. In economic news, the new data from the Bureau of Labor Statistics showed job openings were marginally higher in February while hiring ticked up slightly.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market today: Dow sinks nearly 400 points, yields rise to 2024 highsInvestors are growing gloomy about the chances the Fed will delay a rate cut until the second half of the year.
Lire la suite »
Northern Cod Assessment for 2024 Confirms Improved Stock StatusFisheries and Oceans Canada (DFO) held a technical briefing on the 2024 science assessment for the 2J3KL Northern cod stock off the northeast coast of Newfoundland and Labrador this morning.
Lire la suite »
DFO hikes 2024 snow crab catch limit by 5.2 per cent, says stock is healthyExplore stories from Atlantic Canada.
Lire la suite »
DFO hikes 2024 snow crab catch limit by 5.2 per cent, says stock is healthyExplore stories from Atlantic Canada.
Lire la suite »
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman saysExplore stories from Atlantic Canada.
Lire la suite »
U.S. companies' stock purchases via buybacks, M&A to hit 6-year high in 2024, Goldman says'A surge in share buybacks and continued growth in cash mergers and acquisitions (M&A) will be the primary drivers of corporate equity demand,' Cormac...
Lire la suite »