• Mon. Aug 15th, 2022

Dow falls 550 points after opening bell on rate-hike worries as earnings season begins

Byanna

Jul 14, 2022 , , ,
Boeing stock jumps nearly 8% after maker's commercial-jet deliveries rise more than 50% in Q2


Stocks opened sharply lower Thursday as investors weighed expectations for the Federal Reserve to continue delivering outsize rate increases in its effort to get inflation under control, raising fears of a sharp economic slowdown or recession. Investors also weighed disappointing earnings from JPMorgan Chase & Co.
JPM,
-3.48%

and Morgan Stanley
MS,
-0.41%
,
which both fell in early action. The Dow Jones Industrial Average
DJIA,
-0.37%

was down 553 points, or 1.8%, while the S&P 500
SPX,
-0.25%

dropped 1.5% and the Nasdaq Composite
COMP,
+0.05%

shed 1.4%.



Image and article originally from www.marketwatch.com. Read the original article here.