Published on 22 Sep 2022 on Insider Monkey via Yahoo Finance
In this article, we will take a look at the 10 stocks plummeting after the Fed's latest rate hike. If you want to see some other stocks on the list, go directly to These 5 Stocks are Plummeting After the Fed's Latest Rate Hike.
Elevated inflation has been denting the U.S. economy lately. Meanwhile, the U.S. central bank has repeatedly raised interest rates to combat inflation. However, those hikes have dragged down the stock market. Many fear that additional hikes might lead to a recession and stocks could crash.
Meanwhile, all three key U.S indices opened lower on Thursday morning, a day after the Fed lifted interest rates by 0.75 percentage points. Some of the most valuable U.S. stocks, including Apple Inc. (NASDAQ:AAPL), Amazon.com, Inc. (NASDAQ:AMZN) and Tesla, Inc. (NASDAQ:TSLA), dropped following the latest development.
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