Stocks and exchange-traded funds that purchase company bonds fell Wednesday afternoon after the Federal Reserve raised charges one other 50 foundation factors and signaled its benchmark fee could peak above 5%.
All three main U.S. inventory benchmarks, together with the S&P 500 SPX, Dow Jones Industrial Average DJIA and Nasdaq Composite COMP, closed decrease Wednesday, in keeping with FactSet knowledge. The SPDR S&P 500 ETF SPY fell 0.6%, whereas the Invesco QQQ Trust QQQ, which tracks the Nasdaq-100 index, was off 0.7%, FactSet knowledge present, eventually test.
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