U.S. stocks opened lower Monday, extending a selloff that saw the Dow on Friday log its worst daily percentage drop since October 2020 as investors prepared for aggressive Fed rate increases and other measures.
U.S. stocks opened lower Monday, extending a selloff that saw the Dow Jones Industrial Average on Friday log its worst daily percentage drop since October 2020 as investors prepared for aggressive Federal Reserve rate increases and other measures aimed at quickly tightening monetary policy in response to soaring inflation. China over the weekend moved to expand COVID-19 lockdowns, contributing to a global equity market selloff as investors fled to safe asset, like Treasurys and the U.S. dollar.
were a bright spot, rising 4.2%, after news reports said the company could agree Monday to sell itself to Tesla Inc. chief executive Elon Musk.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures sink, suggesting more losses MondayAfter sharp losses Friday, Wall Street is poised for more declines as stock-index futures slid Sunday night.
Read more »
Dow Futures Fall More Than 200 Points as Wall Street Braces for a Busy Earnings WeekInvestors are looking ahead to a packed week of corporate earnings, including reports from Amazon, Apple and Microsoft.
Read more »
Dow tumbles nearly 1,000 points as Federal Reserve signals sharper interest rate hikeStocks fell sharply on Friday as the Federal Reserve signals it is ready to jack up interest rates to fight inflation.
Read more »
Stanford nurses schedule bargaining session for Tuesday; Monday strike up in the airThe hospital is scheduled to meet with nurses over the weekend, before Monday’s strike and Tuesday’s formal session, though if they cannot reach an agreement by Sunday evening the 5,000…
Read more »
Chance of thunderstorms returns Saturday, increases through MondayThe chance of showers and potentially severe storms returns Saturday night and will increase through Monday, producing heavy rain, along with the potential...
Read more »
Commercial crew gets another day aboard the ISS as return to Earth slips to MondayBad weather once again holds up the Axiom-1 crew's return to Earth.
Read more »