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Economy

bucolic_frolic

(48,484 posts)

1. Dow drops 500 points after Fed officials spook investors with cloudy rate-cut outlook

Reply to elleng (Original post)

Thu Apr 4, 2024, 05:08 PM

Apr 2024

https://nypost.com/2024/04/04/business/dow-drops-500-points-after-fed-officials-spook-investors/

The three major stock indexes fell more than 1% each and the S&P 500 had its biggest daily percentage drop since Feb. 13 on Thursday as Federal Reserve officials took a cautious approach in comments on the outlook for interest rate cuts, and investors braced for Friday’s monthly jobs report.

Investors also digested comments from President Biden, who called for an immediate ceasefire in a call with Israel Prime Minister Benjamin Netanyahu over the Gaza war. Oil prices climbed amid the geopolitical tensions.

The Dow Jones Industrial Average tumbled 530.16 points, or 1.4%, to 38,596.98, the S&P 500 lost 1.2% and the Nasdaq dropped 1.4%.

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WTH? [View all] elleng Apr 2024 OP

Dow drops 500 points after Fed officials spook investors with cloudy rate-cut outlook bucolic_frolic Apr 2024 #1

Thanks for the info; now I've got to 'study.' elleng Apr 2024 #2

Don't do that mercuryblues Apr 2024 #3