US Stocks Tumble 2% Ahead Of Fed Rate Decision Amid Talk Of Market Bubble
Muhammad Irfan Published January 27, 2021 | 08:25 PM
US stocks fell the most in three months on Wednesday morning, tumbling as much as 2 percent on talk that the market had been overbought as the Federal Reserve prepared to announce its monthly decision on interest rates
NEW YORK (UrduPoint News / Sputnik - 27th January, 2021) US stocks fell the most in three months on Wednesday morning, tumbling as much as 2 percent on talk that the market had been overbought as the Federal Reserve prepared to announce its monthly decision on interest rates.
The S&P 500, a barometer for the top 500 US stocks on the New York Stock Exchange, was down 1.8 percent by 10:03 AM (15:03 GMT), its sharpest slump since a 3.5 percent drop on October 28.
The Dow Jones Industrial Average, Wall Street's broadest stocks gauge, fell 1.7 percent. The technology-laden Nasdaq index, which counts on the performance of industry giants such as Facebook, Apple, Amazon, Netflix and Google, tumbled 2 percent.
Related Topics
Recent Stories
Malala expresses unwavering support for Gaza people
Selection committee dissolved over Pakistan women cricket team's poor performanc ..
Punjab CM Maryam Nawaz in police uniform at Chung police center
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
Today Gold Rate in Pakistan 25 April 2024
Mired in crisis, Boeing reports another loss
Session Awarding Ceremony 2024 held at Cadet College Muzaffarabad
Austrian ski great Hirscher to make comeback under Dutch flag
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
FM Dar conveys deepest sympathy on torrential rains devastation in UAE
Spain PM Sanchez says weighing resignation after wife's graft probe
Tennis: ATP/WTA Madrid Open results - 1st update
More Stories From Business
-
Gold rates up by Rs500 per tola to Rs242,500
48 minutes ago -
Tokyo stocks end lower after Meta results
58 minutes ago -
EXCHANGE RATES FOR CURRENCY NOTES
2 hours ago -
Foreign exchange rates
3 hours ago -
Currency Rate In Pakistan - Dollar, Euro, Pound, Riyal Rates On 25 April 2024
4 hours ago -
Today Gold Rate in Pakistan 25 April 2024
5 hours ago
-
Meta profits soar but costs of AI cause worry
5 hours ago -
Mired in crisis, Boeing reports another loss
14 hours ago -
Pakistan, Japan agrees to convene 'Economic Policy Dialogue'
14 hours ago -
British-Pakistani firm unveils $35 million luxury apartments for overseas Pakistanis in Islamabad
14 hours ago -
European stocks lose momentum after global rally
15 hours ago -
New pulses varieties imperative to cater domestic food requirements: Dr Khalid Hasan
16 hours ago