Dow Extends April Loss To Nearly 2,000 Points In Worst Month Since 2022
On the last day of the month, the Dow’s April loss extended to 5%, or 1,990 points, the S&P’s decline to 4% and the Nasdaq’s drop to 4%.
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On the last day of the month, the Dow’s April loss extended to 5%, or 1,990 points, the S&P’s decline to 4% and the Nasdaq’s drop to 4%.
Stocks sold off sharply Tuesday as anxiety set in ahead of Wednesday's policy statement from the Federal Reserve.
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Still-elevated inflation and a job market that won't quit mean predictions for interest rate cuts in June are being pushed back.
Stagflation and the presidential election could put the Federal Reserve in a difficult position at this week's Federal Open Market Operations Committee (FOMC) meeting.