Standard and Poor's 500 Index is a capitalization-weighted index of 500 stocks. The index is designed to measure performance of the broad domestic economy through changes in the aggregate market value of 500 stocks representing all major industries. The index was developed with a base level of 10 for the 1941-43 base period.
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The S&P 500, the Dow Jones, and the Nasdaq all dropped 1.6% or more on no slowdown in rate hikes.
The broad-based Wall Street average turned in its worst week since September, shook up by, well, a lot.
Fed Chief Powell made it clear investors should be on high alert. And they followed suit.
Unfinished business for the Federal Reserve ahead – inflation may be stickier than expected.
Renewed rate pressures kept a lid on optimism as the Wall Street average tumbled.
The US stock average turned in its worst weekly performance so far this year
Lackluster quarterly financials weigh on the S&P 500.
Traders are flocking to the safety of the dollar ahead of JPow’s rate announcement.
The Fed isn’t backing down in its war against inflation, and its latest move marks a worrying milestone.
Papa Powell gave us all a lil bit of hope with his speech last week, but an economic data dump is here to rain on everyone’s parade.
Powell has brought the markets an early Christmas present, with signs that the rate hike heat might be starting to ease.
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