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The Dow Jones index sold off more than 600 points Wednesday after the Fed's rate hike and Fed Chair Kevin Warsh's hawkish comments.
The Dow Jones Industrial Average was trimming its earlier losses after touching a session low, according to FactSet. The bounce came off the 51,881.68 mark, as the chart below shows. It was getting a lift from shares of Honeywell,
Most stocks within the Dow Jones Industrial Average were trading higher. The blue-chip index was still trading lower. The Dow was down 0.2%, or 119 points, early in Wednesday's trading session. American Express was the index's largest drag,
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Dow Jones tech titan Apple, Nvidia chipmaker TSMC, AMD, Bloom Energy in or near buy zones
Dow Jones tech titan Apple, along with Nvidia chipmaker TSMC, AMD and Bloom Energy, are in or near buy zones in Tuesday's market action.
The Dow Jones Industrial Average turned lower in early action Wednesday, despite a positive open. The blue-chip Dow was being pulled lower as energy and consumer discretionary stocks were down, but tech stocks were moving higher,
The Fed is about to raise rates for the first time in three years. The dot plot matters more.
Stocks ticked lower during Fed Chairman Kevin Warsh's press conference. The Dow Jones Industrial Average fell 1.4% or 702 points. The S&P 500 fell 0.7% as the Nasdaq Composite slipped 0.3%, erasing gains seen earlier in the session.
Learn more The S&P 500 ended Wednesday 0.5% lower, while the Nasdaq 100 was flat and the Dow Jones Industrial Average eased 1.2%. The U.S. Fed also indicated a move toward one additional rate hike this year.
The battle against persistently elevated inflation is just getting started.