Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors - Shahpur Turk CSC - Common Service Centre in Sonipat Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors

08 May 2022

Dow tumbles more than 1,000 points, Nasdaq falls 5% as inflation spooks investors

US stocks on Thursday ended sharply lower amid concerns that the Federal Reserve could further tighten monetary policy. The Fed had a day ago hiked the interest rate by 40 basis points to tame surging inflation, the biggest hike in two decades.

from IndiaTV Business: Google News Feed https://ift.tt/gk9rahu
via IFTTT

No comments:

Post a Comment

ONGC, Oil India in talks for 50% stake in $3.4 billion Kenya oilfield, Chinese firm enters fray

India's flagship overseas oil firm ONGC Videsh has got a new partner in Oil India Ltd to replace a reluctant IndianOil (IOC) for the pot...

ShahpurTurkCSC