Stocks wipe out gains after Fed signals rate hike in March

Posted on AllSides January 26th, 2022
From The Left
Ted Shaffrey/AP

Stocks staged another late-day reversal Wednesday, giving up their gains and adding to the week’s breathtaking volatility after the Federal Reserve signaled that interest hikes are indeed around the corner.

After trading higher most of the day, the Dow Jones industrial average shed more than 600 points following the Fed’s policy announcement. It cut some of its losses to settle at 34,168.09, down 129.64 points, or about 0.4 percent. A day earlier, the blue-chip index limped out of a tumultuous session that saw it stage a more than 1,000-point comeback...

Read full story
Some content from this outlet may be limited or behind a paywall.
https://www.washingtonpost.com/business/2022/01/26/stocks-markets-federal-reserve/

More News about Banking and Finance from the Left, Center and Right

From the Left

From the Center

From the Right