Stock market today: Dow sinks 600 points, S&P 500 and Nasdaq fall as Fed hikes rates, bond yields rise
Stock market today: Dow sinks 600 points, S&P 500 and Nasdaq fall as Fed hikes rates, bond yields rise…
First reported by Yahoo Finance.
More from Economy
See all- Economy
Fed staff should have known Silicon Valley Bank was vulnerable, new report finds
Fed Vice Chair for Supervision Michelle Bowman said a new report indicates the central bank's staff missed signs ahead of Silicon Valley Bank's 2023 failure.
- Economy
Treasury Yields Tick Higher as Markets Price Hawkish Fed
Treasury yields edged higher and the curve flattened as markets priced in a more hawkish Fed.
- Economy
ECB Officials Pave Way for More Tightening as Inflation Worsens
European Central Bank officials are preparing the ground for further monetary tightening, signaling another move is possible as soon as October to tackle intensifying inflation pressures.