*WALL STREET TUMBLES TO NEW 2022 LOW AS INVESTORS FRET ON RATE HIKES, RECESSION -
- Wall Street's main indexes slumped to close well down on Friday, as rattled investors continued repositioning themselves to reflect fears the U.S. Federal Reserve's hawkish rate policy to curb inflation will push the American economy into recession.
After enjoying hefty gains for last two years, Wall Street has been rocked in 2022 by worries about a host of issues including the Ukraine conflict, the energy crisis in Europe, China's COVID-19 flare ups, and tightening financial conditions across the globe. "There had been some optimists out there saying that inflation may be coming under control but the Fed effectively told them to sit down and shut up," said David Russell, VP of market intelligence at TradeStation Group.
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.
4 homes in Mesa evacuated after car crashes into wall, potentially rupturing a gas lineMesa Police are investigating a crash that caused four homes to be evacuated due to fears of a ruptured gas line on Wednesday night.
Lire la suite »
Stocks tumble sharply on Wall Street amid worries about rates, economyStocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.
Lire la suite »
Stocks tumble sharply on Wall Street amid worries about rates, economyStocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.
Lire la suite »
Stock Market News Today: Dow Falls 500 Points as Indexes Drop FridayThe Dow fell to its lowest level of the year, extending a selloff amid new signs of slowing global growth
Lire la suite »
Stocks slump on Wall Street as Fed steps up inflation fightStocks closed sharply lower Wednesday after the Federal Reserve made another big interest rate hike and sharply increased its outlook for how high it expects to raise rates in coming months.
Lire la suite »
Central Banks Raise Interest Rates Worldwide Following US Rate HikeSeveral central banks in Europe and Asia raised interest rates on Thursday, one day after the U.S. Federal Reserve raised rates to fight inflation. See potential bias and similarities in coverage from WSJ, AP and zerohedge: InterestRates Inflation
Lire la suite »