BUSINESS

Stocks Take Roller Coaster Ride

Following the downhill roll yesterday most stocks on Wall Street regained a bit of energy on Tuesday.

Stocks have stumbled into a bear market territory amid concerns that high inflation will force central banks to slam the brakes too hard on the economy.

The S&P 500 fell 14.15, or 0.4%, to 3,735.48 as investors braced for the Federal Reserve’s announcement on Wednesday about how sharply it will raise interest rates.

The Dow Jones Industrial Average fell 151.91 points, or 0.5%, to 30,364.83. The Nasdaq composite rose 19.12, or 0.2%, to 10,828.35 after swinging between a loss of 0.7% and a gain of 1.1%.

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Readers Bureau, Contributor

Edited by Jesus Chan

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