Nasdaq slides 2%, Dow falls more than 350 points in sharp reversal as rising rates weigh on stocks. Powell says taming inflation ‘absolutely essential,’ and a 50 basis point hike possible for May. Powell’s statements essentially meet market expectations that the Fed will depart from its usual 25 basis point hikes and move more quickly to tame inflation that is running at its fastest pace in more than 40 years.
U.S.Stocks Open Higher As Investors Cheer Tesla Earnings and Airlines,Dow Jones Rise 265 Points
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- Et1502·2022-04-22TFS Infor… recent volatilty already signal the coming interest rate hikes.LikeReport
- Daddynsg·2022-04-22Like me plsssssssssss1Report
- PandoraHaggai·2022-04-22The performance of the index was disappointing.LikeReport
- EvanHolt·2022-04-22It seems we need to be cautious.LikeReport
- MR_Wu·2022-04-22The Fed has suddenly become very hawkish.LikeReport
- Lord Tan·2022-04-22Its all over. I need to jumpLikeReport
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