Eric Stanberg
Dec 20, 2022 17:59
The S&P 500 tests new lows as traders continue to be alarmed by the aggressive Fed.
As investors continued to dump tech stocks, the S&P 500 dropped toward the 3815 level. Over 1% of the heavily tech-weighted NASDAQ Composite dropped during today's trading.
The yield-sensitive tech stocks were negatively impacted by today's increase in Treasury yields. As they lower risks, traders' top worry is still the hawkish Fed.
Large-cap stocks like Amazon and Meta are down more than 2% in today's trading session. While this is happening, energy stocks are rising as WTI oil was able to settle over the $75 level.
Dec 15, 2022 15:44
Dec 20, 2022 18:05