U.S. stocks tumbled on Thursday afternoon, adding to the previous day's losses, a day after the Federal Reserve raised rates and revived recession worries. Read More...
The Dow Jones Industrial Average remained down over 700 points on Thursday afternoon, putting U.S. stocks on track for their worst day in three months, as investors continued to digest tough talk from the Federal Reserve on inflation that revived concerns about a potential U.S. recession.
What’s happening
Stocks posted moderate losses Wednesday after the Federal Reserve delivered a half-point rate hike and signaled that rates would likely peak above 5% in 2023.
What’s driving markets
Stocks…
