Wall Street opens lower

0
24

Stock prices were down sharply Thursday morning on the New York Stock Exchange, despite rising the day before on hopes that the Federal Reserve’s interest rate hike won’t be a surprise. common practice in fighting inflation.

The S&P 500 index was down 2.7%, while the Dow Jones industrial average fell 2.4%.

US Treasury bond yields were also down.

European markets also fell.

There are fears that rising interest rates will inhibit economic activity too much and accidentally cause a recession.

Comments are closed.