25/06/2022

THAILAND DAILY

NEWSPAPER / MAGAZINE / PUBLISHER

dow-falls-1,000-points-as-bets-of-big-rate-hikes-grow

Dow falls 1,000 points as bets of big rate hikes grow

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Markets

Nasdaq sinks 5% after Fed fails to ease investor anxiety over tightening

Major stock indexes tumbled sharply Thursday as fears of aggressive monetary tightening spread.    © Reuters

| North America

(Reuters) — The Nasdaq plunged 5% and the other major U.S. indexes tumbled on Thursday, as Federal Reserve Chair Jerome Powell’s less hawkish tone failed to ease investor expectations of bigger interest rate hikes this year.

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