Stocks Plummet As Higher Rates Pressure The Market Sentiment

Stocks Plummet As Higher Rates Pressure The Market Sentiment

U.S. markets plummet on Tuesday after an indication of prolonged monetary stiffness by the Federal Reserve. 

At market close, the S&P fell 2%, Dow Jones Industrials down 2.06%, and the Nasdaq down 2.50%. 

Tech stocks which rallied to start of 2023, took a nosedive on Tuesday. Tesla slid 5.3%, with Cathie Wood's Ark ETF down 6.1%. 

by Ryan Griffin

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