Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2022. REUTERS/Brendan McDermid
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3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>April 6 (Reuters) – U.S. stocks were set to open lower on Wednesday, signaling a second day of selling on Wall Street as investors feared aggressive moves by the Federal Reserve to tackle inflation, with eyes on minutes from the central bank’s March meeting.
3Ml43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Fed Governor Lael Brainard said on Tuesday she expected a combination of interest rate hikes and a rapid balance sheet runoff, sparking a sell-off that knocked 2% off the tech-heavy Nasdaq.
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l43 text__regular__2N1Xr text__large__nEccO body__base__22dCE body__large_body__FV5_X article-body__element__OOj6H”>Megacap growth and technology stocks, whose valuations stand to be pressured by higher bond yields, fell in premarket trading as the benchmark 10-year yield hit a three-year high of 2.633%.Register now for FREE…
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2022-04-06 12:48:00
