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Tech, Financial Stocks Drag Wall Street Lower As Growth Concerns Mount

Technology and financial stocks pulled Wall Street’s main indexes lower for a third straight session on Thursday, as investors worried that the Federal Reserve’s aggressive approach to rein in inflation could trigger a recession. The Fed lifted rates by an expected 75 basis points on Wednesday and signaled a longer trajectory for policy rates than markets had priced in, fuelling fears of further volatility in stock and bond trading in a year that has already seen bear markets in both asset classes. “Going forward, the market is going to be hypersensitive to any sort of Fed comments and data coming […]

The post Tech, Financial Stocks Drag Wall Street Lower As Growth Concerns Mount appeared first on Vladimir Ribakov.



This post first appeared on Professional Forex Trader And Mentor, please read the originial post: here

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Tech, Financial Stocks Drag Wall Street Lower As Growth Concerns Mount

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