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Nasdaq Slides over 1% after Hawkish Comments from Fed's Brainard

Reuters2022-04-05

U.S. stock indexes hit session lows on Tuesday, with the tech-heavy Nasdaq falling more than 1% after comments from U.S. Federal Reserve Governor Lael Brainard sparked worries about aggressive monetary policy tightening.

Brainard said she expects methodical interest rate increases and rapid reductions to the Fed's balance sheet to bring U.S. monetary policy to a "more neutral position" later this year.

At 11:59 a.m. ET, the Dow Jones Industrial Average was down 0.02%, at 34,915.88, the S&P 500 was down 0.36%, at 4,566.04, and the Nasdaq Composite was down 1.30%, at 14,342.93.

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Comment95

  • koolgal
    ·2022-04-06
    The markets are doing so well lately until this unwarranted remark from Lael Brainard. Let's hope tomorrow will be better. 🙏🙏🙏🚀🚀🚀🌙🌙🌙
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  • Barbarazhao
    ·2022-04-06
    Good to know why Nasdaq slides 
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  • Ken1911
    ·2022-04-06
    When share down, we buy and wait for rebound. It is always a principe.
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  • Swordmerlin
    ·2022-04-06
    Great
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  • StingWolf
    ·2022-04-06
    Up and down we go. 
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  • SCLIEW
    ·2022-04-06
    666
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  • 11504348
    ·2022-04-06
    I think the fed may be jumping the gun here. Inflation is going to naturally reduce the real size of their balance sheet over time, as long as it isn't reigned in too quickly or left unchecked.
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  • Chris Tan
    ·2022-04-06
    🏃‍♂️🏃‍♂️🏃‍♂️On technical rebound. Downside risk far exceed upside potential 
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  • Slee49
    ·2022-04-06
    Ok
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  • LWayn
    ·2022-04-06
    Like pls
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  • JaCe10
    ·2022-04-06
    Bears are coming...
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  • Worpeng2002
    ·2022-04-06
    Nice
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  • Goldlim
    ·2022-04-06
    Like pls
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  • Nevstar
    ·2022-04-06
    Ok
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  • JCKL488
    ·2022-04-06
    Interest rates have already been factored in. The market needs more positive news to move 
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  • cghtkh
    ·2022-04-06
    pls like
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  • Charging
    ·2022-04-06
    [smile] 
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  • SugarBabes
    ·2022-04-06
    Can
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  • YYTrades
    ·2022-04-06
    .
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  • Oyh
    ·2022-04-06
    Ok
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