Dow falls 299 points after Powell signals Fed will keep raising rates to contain inflation


(Worthy News) – U.S. stocks fell for the first time in four days Tuesday after comments from new Federal Reserve Chair Jerome Powell sent rates higher.

The new chair signaled the central bank could hike rates more than three times this year in an effort to keep the economy from overheating, sparking anxiety among equity traders.

The Dow Jones industrial average fell 299.24 points Tuesday to close at 25,410.03, with Disney and Home Depot weighing down the 30-stock index. The S&P 500 fell 1.27 percent to finish at 2,744.28 as real estate, consumer discretionaries and telecommunications pulled the broader market lower. [ Source: CNBC (Read More…) ]

10
people are currently praying.

💡 Did you know? One of the best ways you can support Worthy News is by simply leaving a comment and sharing this article.

📢 Social media algorithms push content further when there’s more engagement — so every 👍 like, 💬 comment, and 🔄 share helps more people discover the truth. 🙌

Discuss this article in our forums

Follow us on X

Latest Worthy News

Poland Resists EU Court Order On Same-Sex Marriage Recognition
Orbán Expected To Visit Moscow For Talks With Putin, But Trip Remains Unconfirmed (Worthy News Focus)
Two National Guardsmen Critically Wounded in Ambush Near White House; Suspect Identified as Afghan Immigrant Who Entered U.S. in 2021
Four Christian Workers Abducted In Pakistan After Seeking Lawful Wages
Trump Claims ‘Real Progress’ On Ending War In Ukraine; Russia Makes ‘Concessions’
Pentagon Investigating US Senator Over ‘Breaches of Military Law’ (Worthy News Focus)
Over 300 Catholic Students Kidnapped In Nigeria As Updated Figures Reveal Worst Attack In Years (Worthy News In-Depth)
Indian Tejas Fighter Jet Crashes At Dubai Airshow, Killing Pilot; Safety Questions Raised (Worthy News Focus)
Over Dozen Killed As Thailand Battles Worst Rainfall In Centuries; Regional Monsoon Chaos Spreads (Worthy News In-Depth)
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.

Worthy Christian News