Dow falls more than 300 points as US stocks extend losses on interest rate fears

Dec 6 2022 by Business Insider

 

Andrew Kelly/Reuters

US stocks finished lower on Tuesday as investors cast doubt on the Fed easing rate hikes.A strong November jobs report and solid GDP data suggests a resilient economy may keep the Fed hiking rates for longer.The S&P 500 extended its two-day decline to more than 3% as its 200-day moving average remains a big resistance level.

US stocks moved decidedly lower throughout the day on Tuesday, as investors continue to question whether the Federal Reserve's upcoming interest rate...

Continue Reading Dow falls more than 300 points as US stocks extend losses on interest rate fears