Wall Street sinks deep, Dow tumbles nearly 1,000 pts

Friday, 22. April 2022 22:00

Major stock markets on Wall Street recorded significant losses at Friday's closing bell, with all three key indices tumbling more than 2.5% each in a single session.

Ahead of the May FOMC meeting, Cleveland Fed President Loretta Mester said she would like to see a 50 basis point interest rate hike next month as well as several more times throughout 2022. Meanwhile, the latest report showed decelerating expansion of the United States services sector activity during March.

The Dow Jones plummeted 2.82% or 981 points at the closing bell. The Nasdaq 100 declined 2.65% or 363 points, as Intuitive Surgical decreased by 14.34%. The S&P 500 lost 2.77% or 121 points, with HCA Healthcare plunging 21.82%. The euro fell by 0.39% against the dollar to sell for 1.07918 a minute earlier.

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Author:
Baha Breaking News (BBN) / ND