Wall Street's main indexes extended losses on Friday as investors worried that the Federal Reserve will need to be more aggressive than expected in raising interest rates to combat inflation.
The NASDAQ 100 After Hours Indicator is down -34.5 to 12,659.04. The total After hours volume is currently 94,675,692 shares traded.The following are the most active stocks for the after hours session: Marathon Oil Corporation (MRO) is unchanged at $28.15, with 5,405,372 shares
It’s no secret that 2022 has been rough sailing in the market. Supply chain bottlenecks, soaring energy prices, geopolitical issues, and a hawkish Fed have turned investors’ sentiment sour, slashing the valuations of many companies.
U.S. stock indexes fell for a second straight day on Friday, with elevated Treasury yields dragging down growth shares, after stronger-than-expected jobs data fueled investor worries of aggressive interest rate hikes to tame surging inflation.
Individual investors were major buyers on Thursday as stocks sold off over concerns that the U.S. Federal Reserve would have to increase the size of interest rate hikes to tame inflation, which is running at a four-decade high.
U.S. stock indexes extended losses for a second day on Friday as elevated U.S. Treasury yields dragged growth shares after stronger-than-expected jobs data amplified investor fears of bigger interest rate hikes to tame surging prices.
Individual investors were major buyers on Thursday as stocks sold off over concerns that the U.S. Federal Reserve would have to increase the size of interest rate hikes to tame inflation, which is running at a four-decade high.
Wall Street routed on Thursday, erasing all gains of the previous day. Market participants remained highly concerned regarding a series of aggressive rate hike as signaled by the Fed. A large section of investors remained skeptical about the U.S. economic growth in 2022.
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Bearish sentiment brought a surprise takedown across the board today, and although they closed higher than their session lows, the results are naught but ugly: the Dow sold off -1063 points or -3.12%, the S&P 500 was -153 points or -3.56%, the Nasdaq was hit the harde