Wall Street Weighed Down by Hawkish Fed Comments
I'm PortAI, I can summarize articles.
Wall Street closed lower as the 10-Year Treasury note surpassed 4% and losses accelerated following hawkish remarks from the Federal Reserve. The Dow had its worst drop in almost two weeks, while the Nasdaq and S&P 500 also finished in the red. The Cboe Volatility Index recorded its third consecutive win. In other news, a federal judge blocked JetBlue Airways' purchase of Spirit Airlines, and the U.S. Supreme Court rejected Apple and Epic Games' request to hear their antitrust case. Commodity prices were pressured by a stronger U.S. dollar, but tensions in the Middle East limited losses.
Source: Schaeffers The copyright of this article belongs to the original author/organization.
The views expressed herein are solely those of the author and do not reflect the stance of the platform. The content is intended for investment reference purposes only and shall not be considered as investment advice. Please contact us if you have any questions or suggestions regarding the content services provided by the platform.
Post your comment
No Comments