HomeEconomyUS stocks fell to...

US stocks fell to two-year lows

Financial markets expect an interest rate hike of at least 75 basis points at the US Federal Reserve meeting.

All three major US stock indexes fell sharply on Tuesday and posted their biggest one-day declines since June 2020 during the COVID-19 pandemic. Reuters reported this on Wednesday, September 14.

Yes, industrial index Dow Jones down 1276.37 points, or 3.94%, to 31104.97, and S&P 500 lost 177.72 points, or 4.32%, down to 3932.69.

In its turn Nasdaq Composite fell 632.84 points, or 5.16%, to 11633.57.

“All 11 major S&P 500 sectors ended the session deep. Communications services, consumer and tech stocks fell more than 5%, while the semiconductor technology sector fell 6.2%, ” said the agency.

Financial markets are expecting an interest rate hike of at least 75 basis points at the US Federal Reserve (Fed) meeting next week.

Analysts say fears remain that a prolonged period of Fed policy tightening could push the economy to the brink of recession.

Recall that in July the Fed raised the key rate for the third time in a year and for the second time by 0.75 percentage points – up to 2.25-2.5%. The previous two increases led to the fact that the exchange rate of the dollar was almost equal to the exchange rate of the euro, and became one of the reasons for the decrease in the market value of the hryvnia against the dollar from 35 to 41.

The euro against the dollar rose sharply after the ECB decision

News from Correspondent.net on Telegram. Subscribe to our channel Athletistic

Source: korrespondent

- A word from our sponsors -

Most Popular

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More from Author

- A word from our sponsors -

Read Now

Russia will help you go to the depression of swamp bombing – Reuters

The country of the aggressor will not be able to quickly replace the strategic aircraft that were lost as a result of a wide security service for websites. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle...

Possible GTA 6 leakage reveals news in the gameplay

Some items and details about news from the new Grand Theft Auto VI game were possibly leaked on social networks; look!It will be? A new Reddit publication has created more speculation about what players can expect from 'Grand Theft Auto VI'. The game, officially postponed in early...

In Latka, the skeleton of the bend and posts (photographs) was struck

As a result of the Russian attack, the number of death in Latsk increased. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } Rescuers owed the body of a 27-year-old dead...

The Russian Federation was elected in Magatta in the void, the busy Zaes will begin

The country aggressor announced the desire to restart the occupied Zaporizhjhya NPP. .in_text_content_22 {width: 300px; Height: 600px; } @Media (min-width: 600px) {.in_text_content_22 {width: 580px; Height: 400px; }} .Adsbygoogle {Touch-Action: Manipulation; } The invaders have already contacted the IAEA so that the...

James Gunn confirms post-credit scene in ‘Superman’

With the next launch, the new creative director of the DC universe, James Gunn, confirms that 'Superman' will have scenes you creditsThe premiere of the new Steel Man movie is getting closer and closer and with it news is being released by the producers. 'Superman' will be...