stock market today The Dow Closes Lower as Fed Remains Strong By Investing.com

stock market today The Dow Closes Lower as Fed Remains Strong By Investing.com
stock market today The Dow Closes Lower as Fed Remains Strong By Investing.com

© Reuters

By Yasin Ebrahim

Investing.com – The Dow dropped some losses on Thursday. But it continued to move in negative territory as market growth sectors, including consumer and tech stocks, fluctuated sharply on fears the Fed’s tough stance could lead to a recession.

down 0.3% to 107 points, a decrease of 1.4% and a decrease of 0.9%.

The Fed rose 0.75% on Wednesday, as most expected. But the latest forecast from the Fed has pointed to further rate hikes. poses a risk of recession.

“If the peak that the Fed is aiming for is high The risk of recession is even greater,” Morgan Stanley said in a note. However, a slowdown in employment could prompt the Fed. “Reducing pressure on strict policies,” he added.

Bond markets seem to benefit from the increased risk of recession amid a deeper inversion curve. The curve between the 2-year and 10-year government bond yields has reversed to levels not seen since 1982.

Market Growth Sector It typically includes stocks that are higher in value and that are more vulnerable to higher interest rate environments, such as technology and consumer stocks, causing the broader market to fall.

But the downward move in the big tech conglomerate appeared to attract traders short as big tech stocks moved off session lows. Apple (NASDAQ:) and Amazon.com Inc (NASDAQ:) NASDAQ:) continues to move lower, while Meta Platforms Inc (NASDAQ:), Alphabet (NASDAQ)

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