The U.S. Federal Reserve raised interest rates sharply by 0.75%, making the market worried that it would trigger an economic recession, and the three major U.S. stock indexes fell sharply on Thursday.
The Dow fell about 300 points at the open and then plunged sharply. It once fell more than 900 points, and it still failed to recover the 30,000-point mark.
The Nasdaq also fell nearly 5%.
The Dow closed at 29,927 points, down 741 points or 2.42%; the benchmark index closed at 3,666 points, down 123 points or 3.25%; the NASDAQ closed at 10,646 points, down 453 points or 4.08%.
Home Depot fell 2.24%, Intel fell 3.39%, Motong fell 1.72%, and American Express fell 5.96%, all of which have hit 52-week lows.
Commodity stocks were steady, with Procter & Gamble up 0.61% and Walmart up 1.04%.
Major technology stocks fell sharply, Apple fell 3.97%, Microsoft fell 2.7%, Tesla fell 8.54%, Amazon fell 3.72%, Meta fell 5.01%, Alphabet fell 3.4%, NVIDIA fell 5.6%.
MPF｜Junlong: Last month’s 1.3 billion inflows into bonds and money markets, U.S. stock funds were the worst performing U.S. stocks. Veteran investors expect the U.S. economy to fall into recession next year. Once fell 10%, the United States raised interest rates | The Fed raised interest rates by 0.75%, which was in line with market expectations and expected a 0.75% increase in interest rates would not become the norm. S&P 500 officially entered a bear market Bank of America survey: stagflation concerns hit the highest level since 2008
