European markets are heading for a negative open as investors prepare for the latest central bank decision, this time from the European Central Bank.
to see a comparison of the June Fed statement with May's.Stocks drop after Federal Reserve indicates more interest rate hikes are coming
The S&P 500 and the Nasdaq Composite shed earlier gains and turned negative shortly after the central bank indicated that though it was pausing on a June hike, the "dot plot" showed two more increases are coming. The S&P 500 dropped 0.6%, while the Nasdaq fell 0.7%. The Dow Jones Industrial Average lost more than 400 points, or about 1.2%.CNBC Pro: Apple's Vision Pro or Meta's Quest? Analysts dive into the future of VR tech
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