US stocks end volatile session lower as impact of Fed rate hikes outweighs strong GDP growth

Jan 27 2022 by Business Insider

 
Traders have been cheered by earnings but are still concerned about inflation.

Brendan McDermid/Reuters

The S&P 500 fell for a third straight session on Thursday after rallying earlier in the day.  The Nasdaq Composite also turned lower as investors price in rate hikes by the Federal Reserve.  Stocks got an initial bounce after data showed fourth-quarter GDP grew at a 6.9% rate, faster than anticipated. 

US stocks fell in Thursday's choppy trading session as concerns about the Fed's fast...

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