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Dow falls nearly 1,000 points on rate hike fears and poor earnings from Verizon
Source: CNN Business
Paul R. La Monica, CNN Business//April 22, 2022
Dow falls nearly 1,000 points on rate hike fears and poor earnings from Verizon
Source: CNN Business
Paul R. La Monica, CNN Business//April 22, 2022
The Dow fell about 980 points, or 2.8%, following comments about likely aggressive interest rate hikes from Federal Reserve chairman Jerome Powell. A poor earnings outlook from Dow component Verizon didn’t help matters.
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