U.S. stock indexes closed sharply lower on Thursday in a broad sell-off as recession fears grew following moves by central banks around the globe to stamp out rising inflation after the Federal Reserve's largest rate hike since 1994
suffered its sixth decline in seven sessions. Stocks had rallied on Wednesday as the Fed delivered an aggressive 75 basis point rate hike, as expected, to help the index snap its longest daily losing streak since early January.
But rate hikes by Switzerland and Britain on Thursday reignited fears that attempts by central banks to curb inflation could lead to sharply slower growth worldwide or a recession."That is what people reassessing today – what is the probability of a potential recession and will corporate profits come in where analysts estimates are or will those get taken down," said Tom Hainlin, global investment strategist at U.S.
"The Swiss came out and surprised everybody today and said we are less worried about the strength of our currency and more worried about inflation."
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Stocks on Wall Street tumble 3.3% as recession fears mountMarkets are worried that the Fed and other central banks may stumble along the narrow path of hiking interest rates enough to slow high inflation.
Leer más »
Wall Street tumbles on fears for economy as more rates riseFear swept through financial markets Thursday, and Wall Street tumbled as worries roared back to the fore that the world’s fragile economy may buckle under higher interest rates.
Leer más »
Recession fears grow as Fed mulls amping up fight against inflationThe Fed is poised to send a message that it has the worst inflation in 40 years under control. But many investors and economists are taking a less reassuring signal from the central bank: A recession could come as early as this year.
Leer más »
Buy Dollar General shares as the likelihood of a recession grows, Morgan Stanley says'The only scenario where DG may be a relative underperformer is if the market rapidly moves to an early cycle 'recovery,'' analysts say.
Leer más »
Opinion | The Fed Is Making a Big, Big Mistake'If the Fed continues down this path—as it has signaled it will—the economy will be plunged into a recession.'
Leer más »