As economy recovers from COVID, Federal Reserve will ratchet up rates
Pressure is on Fed to walk the line between raising rates and tightening policy at a pace that helps to curb inflation but doesn’t slow demand
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Pressure is on Fed to walk the line between raising rates and tightening policy at a pace that helps to curb inflation but doesn’t slow demand
By Caitlin McCabe, Will Horner and Xie Yu Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day. The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index's steepest one-day decline since late February when worries about a sharp rise in bond yields blunted mome...
Provided by Dow Jones By Caitlin McCabe, Will Horner and Xie Yu Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day. The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index's steepest one-day decline since late February when worries about...
Provided by Dow Jones By Will Horner, Caitlin McCabe and Xie Yu Investors around the world retreated from stocks Tuesday as a selloff in technology companies spread to other sectors of the market, leading to broad declines across major U.S. indexes. The Dow Jones Industrial Average tumbled about 550 points, or 1.6%, in recent trading, on pace for its worst one-day drop since late January. The S&P 500 fell 1.1%. The Nasdaq Composite edged down 0.4%, cutting its losses after falling as much as 2.2% earlier in the day. Investors have become increasingly conce...
Stocks Fall as Dow Posts Worst Day Since February © kazuhiro nogi/Agence France-Presse/Getty Images Investors around the world retreated from stocks Tuesday, with a selloff in technology companies spreading to other sectors as concerns about inflation dragged U.S. indexes down for a second consecutive day. The Dow Jones Industrial Average tumbled nearly 475 points as investors pulled back bets on many of the financials, industrials and energy stocks that have outpaced the broader market this year. The fall marked the blue-chip index’s steepest one-day decline since late February when worr...