• Fri. Dec 8th, 2023

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


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.

and Morgan Stanley
which both fell in early action. The Dow Jones Industrial Average

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

dropped 1.5% and the Nasdaq Composite

shed 1.4%.

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