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Nasdaq falls for a fourth straight day as Wall Street frets over potential of higher interest rates
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The S&P 500 and Nasdaq Composite fell Thursday as renewed concern swirled on Wall Street over the Federal Reserve's interest rate po Show More
The S&P 500 and Nasdaq Composite fell Thursday as renewed concern swirled on Wall Street over the Federal Reserve's interest rate policy path and whether policymakers will enact another hike this year. The tech-heavy Nasdaq fell for a fourth day, losing more than 1.2%, while the broad-based S&P slid 0.5%. The Dow Jones Industrial Average traded near the flatline. Gold has experienced significant price fluctuations in recent times. Analysts attribute this volatility to a combination of factors, including the stability of the US economy, high inflation rates, and lingering uncertainties in China and Europe.

Wednesday's rise in Treasury yields coincided with stronger-than-expected economic data that fueled some concern over the likelihood of further hikes. Associate VP, Fundamental Currencies and Commodities, Sharekhan by BNP Paribas, said, "US ISM services Index for August was reported to be 54.50, which was much better than the estimate of 52.50. The data also showed a significant improvement from the July reading, which was 52.70. ISM services price paid jumped from 56.80 in July to 58.90 in August, which stokes inflation concerns."

🎙️Q:
1. What happens when the Fed raises interest rates, and how does it affect your life?
2. What's your investment strategy?

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