Dow Pares Brutal Losses, but Thunderous Recession Warnings Fuel Rate Cut Bets

By CCN: The Dow and broader U.S. stock market traded mixed-to-lower on Monday, as plunging technology shares and elevated trade-war risks weighed on investor morale. Market participants are becoming more convinced that the Federal Reserve will begin cutting interest rates as early as this summer to stave off recessionary headwinds. Dow Recovers from Stock Futures Meltdown The Dow Jones Industrial Average declined by as much as 114 points on Monday, reflecting a brutal pre-market for U.S. stock futures. The blue-chip index eventually pared losses, settling flat at 24,806.42. The index was supported by Verizon Communications Inc. (VZ), which finally stemmed

The post Dow Pares Brutal Losses, but Thunderous Recession Warnings Fuel Rate Cut Bets appeared first on CCN

Source: https://www.ccn.com/dow-extends-crippling-losing-streak-as-recession-warnings-thunder

Stay up to date

on all important crypto news!

The most important news, once a week. No spam.