Stocks opened slightly higher after a two-day selloff
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Global shares fall after Fed rate comments, Wall Street dropTOKYO (AP) — Global shares declined Monday after the chairman of the U.S. Federal Reserve indicated high interest rates will continue for some time to curb inflation. The fall in Asian and European markets followed a drop on Wall Street, where the Dow Jones Industrial Average ended the week down more than 1,000 points.
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Wall Street retreats as rate hike concerns persistU.S. stocks closed lower on Monday, adding to last week's sharp losses on nagging concerns about the Federal Reserve's determination to aggressively hike interest rates to fight inflation even as the economy slows.
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Asian stocks mixed after Wall Street pullback on hawkish FedMarkets worldwide continue to digest Federal Reserve Chairman Jerome Powell's hawkish words on inflation and interest rates last week.
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