Stocks Plunge as Inflation Warning and Yield Jump Shake Market
TL;DR Summary
The Dow Jones Industrial Average dropped 220 points after Federal Reserve Chair Jerome Powell issued an inflation warning, causing concerns about future interest rate hikes. Walt Disney stock surged after beating earnings expectations and raising cost-restructuring targets. Tesla stock plummeted after HSBC issued a negative research note, while other stocks like Nvidia and Apple had mixed performances. Small caps were hit hard, with the Russell 2000 plunging 1.6%.
- Dow Jones Dives 220 Points As Powell Gives This Inflation Warning; Tesla Stock Gets Hammered Investor's Business Daily
- Stock market news today: Stocks slide, snapping longest win streak since 2021, as yields jump Yahoo Finance
- Why Apple could make a run for a 52-week high Yahoo Finance
- S&P 500’s busted winning streak was a mirage anyway Moneycontrol
- Disney's stock has more upside, but it won't get there quickly, says Freedom Capital's Jay Woods CNBC
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