Russia’s Ukraine threat and worries on Fed rate hikes could make for a turbulent week in markets

(CNBC) The stock market faces another turbulent week, as investors watch the situation in Ukraine and continue to adjust portfolios ahead of the Federal Reserve’s interest rate hikes. Stocks were rocked in both directions in the past week, with the Dow Jones Industrial Average seeing its worst day of the year Thursday. The three major averages were lower for the week with the Dow off 1.9%, the Nasdaq down 1.7%, and the S&P 500 down 1.6%. Energy, communications services and financials were the worst-performing sectors for the week.

To read this article:

This entry was posted in Syndicated. Bookmark the permalink.

Comments are closed.