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The Fed will convene its two-day monetary policy meeting later in the day, which will be watched closely for cues on the central bank's timeline for hiking key interest rates to combat inflation.
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BusinessWall Street drops on inflation jitters, led by tech stocks Medha SinghSruthi Shankar 3 minute read People are seen on Wall St. outside the New York Stock Exchange (NYSE) in New York City, U.S., March 19, 2021. REUTERS/Brendan McDermid/File Photo Wall Streetâs main indexes fell on Tuesday, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected. The outperformers of 2020, Apple (AAPL.O), Amazon.com Inc (AMZN.O), Microsoft Corp (MSFT.O), Google-parent Alphabet Inc (GOOGL.O) and Tesla Inc (...
Updated / Tuesday, 11 May 2021 16:20 Investors have grown wary of fast price rises, even though the central bank has repeatedly said it views any inflation that occurs to be transitory Wall Street's main indexes fell today, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected. The outperformers of 2020, Apple, Amazon.com, Microsoft Corp, Google-parent Alphabet Inc and Tesla Inc fell between 0.8% and 2.4%, weighed the most on the S&P 500. The 10-member NYSE FANG+TM index, which includes the FAANG g...
Wall Street's main indexes fell on Tuesday, led by tech-related stocks, as investors feared that rising inflation could push the Federal Reserve to tighten monetary policy faster than expected. The outperformers of 2020, Apple, Amazon.com Inc , Microsoft Corp, Google-parent Alphabet Inc and Tesla Inc fell between 0.8% and 2.4%, weighed the most on the S&P 500. The 10-member NYSE FANG+TM index, which includes the FAANG group of stocks alongside Tesla, Alibaba, and Twitter Inc, declined 1%, extending the index's market cap loss of more than $442 billion so far this month. The yield on bench...