Markets
Wall Street tumbles, Dow Jones slides below 30 thousand
2022-06-16 14:38:00 GMT
(Economies.com)
US stock indices declined on Thursday amid concerns about the Federal Reserve's policy decisions.
The Fed decided to hike rates by 75 basis points to 1.75%, the highest such increase since 1994.
Most members of the Federal Reserve voted for the hike except for Ester George, which voted for a 0.5% hike.
Such a step came amid the Fed's efforts to control runaway inflation, which hit 1981 highs in May.
Unemployment claims fell to 229 thousand last week from 232 thousand, while analysts expected a 215K decline.
Dow Jones fell 2.2% to 29,995 as of 14:23 GMT, while S&P 500 fell 2.8% to 3,683, as NASDAQ swooned 3.4% to 10,718.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
1.0427
|
-0.0154
|
1.4550%
|
|
|
|
|
1.2096
|
-0.0176
|
1.4311%
|
|
|
|
|
19.698
|
-1.669
|
7.811%
|
|
|
|
|
108.022
|
0.605
|
0.563%
|
|
|
|
|
111.50
|
2.47
|
2.27%
|
|
|
|
|
1799.775
|
-29.770
|
1.627%
|
|
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