U.S. stocks open sharply lower as investors digest fresh economic data after Fed decision

📆 12/15/2022 5:42 PM
📰 MarketWatch

⏱ Reading Time:
17 sec. here
2 min. at publisher
📊 Quality Score:
News: 10%
Publisher: 97%

Loans Loans Headlines News

Loans Loans Latest News,Loans Loans Headlines

U.S. stocks opened sharply lower Thursday as investors digested fresh economic data following the Federal Reserve's decision to raise interest rates by a half percentage point. The Dow Jones Industrial Average fell 1% soon after the opening bell:

U.S. stocks opened sharply lower Thursday as investors digested fresh economic data following the Federal Reserve's decision to raise interest rates by a half percentage point as it battles high inflation. The Dow Jones Industrial Average fell 1% soon after the opening bell, while the S&P 500 dropped 1.

2% and the Nasdaq Composite slid 1.4%, according to FactSet data, at last check. The Department of Labor said Thursday that the number of Americans applying for unemployment benefits in the week ending Dec. 10 fell to a nearly three-month low of 211,000. That's below the total 232,000 that economists polled by the Wall...

Write Comment

“U.S. stocks open sharply lower” Recession market rallies will do this. Equities Delirium Tremens(EDT)™

Recession coming. Savings down. Credit card use up. Interest rates going up. Many sectors dramatically slowing.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Loans Loans Latest News, Loans Loans Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Federal Reserve interest rate hike draws mixed reactions: Fed committed to a 'high unemployment recession'Federal Reserve Chairman Jerome Powell's announcement that the U.S. central bank is raising interest rates by 50 basis points was met with mixed reaction across the political spectrum. They don't lose their jobs Now wait a minute. I just read that Biden said employment is up and inflation is down. What are we supposed to believe? LIKE I SAID BEFORE INTEREST RATES WILL CONTINUE TO RISE AS LONG AS BIDEN IS IN OFFICE UNLESS THE NEEDLESS SPENDING IS STOPED.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Federal Reserve set to extend inflation fight with 7th rate hike of 2022After four straight three-quarter-point interest rate hikes, the Federal Reserve is set to announce a smaller half-point increase in its key rate.
Source: ABC7Chicago - 🏆 284. / 63 Read more »