Stock market news live updates: Stocks sink by most since June 2020 as retail results disappoint across the board

Financial

U.S. stocks sank on Wednesday after a series of disappointing quarterly results from some major retailers weighed on the broader markets. Investors also further digested remarks from Federal Reserve officials reaffirming their aims of reining in inflation. The S&P 500 slid by 4% in its worst day since June 2020, closing at 3,923.68. The Nasdaq…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Limited Time 15% Promo!
The U.S. Fed’s smaller rate hike brings dollar strength closer to its end
Where Is The US Housing Market Heading?
Here’s what the Federal Reserve’s 25 basis point interest rate hike means for your money
Chairman Smith: Rising Interest Rates All the More Reason to Address Fiscal Sanity in Debt Limit Debate
Wall Street’s rally rolls on, led by torrid tech stocks