US STOCKS-Wall Street Ends Sharply Lower on Fears of Aggressive Fed

Reuters2022-08-23

Wall Street ended sharply lower on Monday as investors fretted about a U.S. Federal Reserve gathering later this week in Jackson Hole, Wyoming, that is expected to reinforce a strong commitment by the...

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Comments

Ahsiang
2022-08-23
Ahsiang
Jialat again
angelchow
2022-08-23
angelchow
Great article! I would like to share it.
angelchow
2022-08-23
angelchow
Ok
RW5
2022-08-23
RW5
O
Universe宇宙
2022-08-23
Universe宇宙
[Spurting] 곰이 왔다! [OMG]
hengonghuat888
2022-08-23
hengonghuat888
Nice

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So that's most likely going to be a negative catalyst for the market,\" warned Jay Hatfield, chief investment officer at Infrastructure Capital Management in New York.The Fed will probably raise interest rates by 50 basis points in September, according to economists polled by Reuters.However, traders are split between a 50 bps hike and a 75 bps hike by the central bank after several policymakers recently pushed back against expectations of a dovish pivot and emphasized the Fed's commitment to fight against inflation.Investors will also be looking for details on the Fed's plans to reduce its nearly $9 trillion balance sheet, a process that started in June.According to preliminary data, the S&P 500 lost 89.65 points, or 2.12%, to end at 4,138.83 points, while the Nasdaq Composite lost 320.07 points, or 2.52%, to 12,385.14. The Dow Jones Industrial Average fell 632.72 points, or 1.88%, to 33,074.02.Slowdown fears hit markets globally. China's central bank trimmed some key lending rates on Monday in a bid to support a slowing economy and a stressed housing sector.Also bleeding into negative sentiment on Wall Street, European shares dropped after Russia's Gazprom said last week it would halt natural gas supplies to Europe for three days at the end of August.AMC Entertainment Holdings Inc tumbled after the cinema chain's preferred stock listing started trading and its UK-based rival Cineworld Group warned of a possible bankruptcy filing.Signify Health Inc surged following a report on Sunday that UnitedHealth Group Inc, Amazon, CVS Health Corp and Option Care Health Inc were bidding to acquire the company.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":null,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9992012354,"gmtCreate":1661225193880,"gmtModify":1676536478753,"author":{"id":"3582617881962608","authorId":"3582617881962608","name":"Ahsiang","avatar":"https://static.tigerbbs.com/310f96e7696af85ae33ece774a483d15","vip":1,"crmLevel":3,"crmLevelSwitch":0},"htmlText":"Jialat again","listText":"Jialat again","text":"Jialat again","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992012354","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9992016297,"gmtCreate":1661225164621,"gmtModify":1676536478737,"author":{"id":"4090465313926290","authorId":"4090465313926290","name":"angelchow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Great article! I would like to share it.","listText":"Great article! I would like to share it.","text":"Great article! I would like to share it.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992016297","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9992016117,"gmtCreate":1661225158442,"gmtModify":1676536478729,"author":{"id":"4090465313926290","authorId":"4090465313926290","name":"angelchow","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"crmLevel":1,"crmLevelSwitch":0},"htmlText":"Ok","listText":"Ok","text":"Ok","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992016117","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9992013417,"gmtCreate":1661224863541,"gmtModify":1676536478667,"author":{"id":"3582440300426753","authorId":"3582440300426753","name":"RW5","avatar":"https://static.tigerbbs.com/1892f1a4f1e18bdabb9f243266c5c6b3","vip":1,"hat":"https://static.tigerbbs.com/1c1eed764d9c7ff83dc093fbb9a96bc2","crmLevel":2,"crmLevelSwitch":0},"htmlText":"O","listText":"O","text":"O","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992013417","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9992036069,"gmtCreate":1661224049253,"gmtModify":1676536478423,"author":{"id":"3585001294737518","authorId":"3585001294737518","name":"Universe宇宙","avatar":"https://static.laohu8.com/default-avatar.jpg","vip":1,"hat":"https://static.tigerbbs.com/b073a07f77dbe6b3bec6b12311fde6bd","crmLevel":6,"crmLevelSwitch":0},"htmlText":"[Spurting]&nbsp;곰이 왔다!&nbsp;[OMG]&nbsp;","listText":"[Spurting]&nbsp;곰이 왔다!&nbsp;[OMG]&nbsp;","text":"[Spurting] 곰이 왔다! [OMG]","images":[],"top":1,"highlighted":2,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992036069","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9992091322,"gmtCreate":1661222603268,"gmtModify":1676536478106,"author":{"id":"3582012861700998","authorId":"3582012861700998","name":"hengonghuat888","avatar":"https://community-static.tradeup.com/news/9ba41bcf5558b9fea16af2b0354d1176","vip":1,"crmLevel":2,"crmLevelSwitch":1},"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9992091322","repostId":2261766825,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":751,"commentSize":175,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.24.2","shortVersion":"4.24.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2261766825"}