Stock Market Tumbles as Fed Eyes Interest Rate Hikes (VIDEO)
The Dow Jones dropped by more than 700 points Monday morning, while the NASDAQ and S&P 500 were down 440 points and 120 points, respectively.
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The Dow Jones dropped by more than 700 points Monday morning, while the NASDAQ and S&P 500 were down 440 points and 120 points, respectively.
North American stock markets staged a late-afternoon rally after plunging in early trading on fears about central bank moves and geopolitical risks in Ukraine along with a shaky start to the earnings season.
Stocks plummeted as worries mount among investors about what actions the Fed will take to curb rising inflation in the U.S.
Stocks plummeted as worries mount among investors about what actions the Fed will take to curb rising inflation in the U.S.
Early in the day, benchmark stock indexes flirted with near 4-month lows as investors anticipated guidance from the Fed later this week about its plans to raise interest rates to tame inflation.