New York
CNN Business—So much for turnaround Tuesday on Wall Street. Stocks finished a volatile day mixed after rallying at the open. The Dow and S&P 500 are at their lowest levels since November 2020 and are both on a six-day losing streak.
https://issuetracker.google.com/issues/249867490
https://issuetracker.google.com/issues/249870713
https://issuetracker.google.com/issues/249870409
https://issuetracker.google.com/issues/249871917
https://issuetracker.google.com/issues/249870722
https://issuetracker.google.com/issues/249871930
https://issuetracker.google.com/issues/249871932
https://issuetracker.google.com/issues/249870692
https://issuetracker.google.com/issues/249872861
https://issuetracker.google.com/issues/249872864
https://issuetracker.google.com/issues/249872868
https://issuetracker.google.com/issues/249872869
https://issuetracker.google.com/issues/249872870
https://issuetracker.google.com/issues/249872872
https://issuetracker.google.com/issues/249875873
https://issuetracker.google.com/issues/249875875
https://issuetracker.google.com/issues/249875877
https://issuetracker.google.com/issues/249873781
https://issuetracker.google.com/issues/249872904
https://issuetracker.google.com/issues/249875881
https://issuetracker.google.com/issues/249873782
https://issuetracker.google.com/issues/249872906
https://issuetracker.google.com/issues/249875884
https://issuetracker.google.com/issues/249873786
https://issuetracker.google.com/issues/249875886
https://issuetracker.google.com/issues/249872912
https://issuetracker.google.com/issues/249875887
https://issuetracker.google.com/issues/249882104
https://issuetracker.google.com/issues/249884092
https://issuetracker.google.com/issues/249882107
https://issuetracker.google.com/issues/249887741
https://issuetracker.google.com/issues/249882111
https://issuetracker.google.com/issues/249888575
https://issuetracker.google.com/issues/249888582
https://issuetracker.google.com/issues/249890094
https://issuetracker.google.com/issues/249890102
https://issuetracker.google.com/issues/249888590
https://issuetracker.google.com/issues/249889929
https://issuetracker.google.com/issues/249889930
https://ide.geeksforgeeks.org/3bc6d159-af10-46a5-a4ad-9e7af46e3e69
https://www.bankier.pl/forum/temat_uifdeeyg,56970439.html

The Dow, which slid deeper into a bear market, fell more than 125 points, or 0.4%. The Dow is now more than 20% below its record high. The S&P 500 dipped 0.2% while the Nasdaq ended the day up 0.3%. That was the Nasdaq’s first gain since September 19.

The British pound rebounded slightly Tuesday after reaching a new record low against the US dollar Monday.

Ad Feedback
The Federal Reserve’s aggressive rate hiking policy and Britain’s recently announced tax cuts have caused the dollar to surge. But investors are worried about the dollar’s rally, Societe Generale’s Kit Juckes noted Monday, as large surges historically occur alongside global economic crises.

Investors are also grappling with continued concerns about inflation and the likelihood that the Fed will keep raising rates sharply for the foreseeable future.

“Fed members are all singing from the same hymn book. They are willing to weaken the economy to bring inflation in check,” said Alex Chaloff, co-head of investment strategies at Bernstein Private Wealth Management. “They are saying it over and over and over again because, up until ten days ago, the market didn’t believe them.”

Inflation and rate hike jitters pushed the yield on the benchmark 10-year Treasury closer to 4%, a level it hasn’t traded at in more than a dozen years. The 10-year yield stood at about 3.98% Tuesday, its highest point since April 2010.