Hawkish Fed Comments Knock Stocks Lower
From Barchart: 2024-04-04 16:49:52
On Thursday, the S&P 500 Index closed down -1.23%, the Dow Jones Industrials Index closed down -1.35%, and the Nasdaq 100 Index closed down -1.55%. Stocks started strong but ended in a sell-off. The S&P 500 futures are up 4.2 points, capturing a recovery after a disappointing earnings report from Amazon. The VIX index remains around 17.73, a lower figure compared to previous months. Various sectors such as energy, healthcare, and financials all ended in the red, impacting the overall market performance. This drop comes amid ongoing concerns about the economic recovery and inflation.
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