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Dow down nearly 300 points as fears of banking contagion weighs on markets after Fed rate decision

Por: MarketWatch Business May 04, 2023

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The slide in Dow industrials wiped out its year-to-date gain, down 0.2% as of Thursday afternoon. What’s driving markets U.S. stocks fell again with financials leading the way down after the Federal Reserve for the tenth time though Chairman Jerome Powell hinted at a pause in rate hikes. U.S. stocks are headed for their worst week since March 10, the day Silicon Valley Bank collapsed, as investors fear the Federal Reserve might be powerless to... + full article



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