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Dow sinks as Fed holds rates sparking profit taking
Wall Street dropped sharply after Intel gloom and fears of higher rates. The Dow fell over 190 as Nasdaq and S&P 500 slid, while economists expect a June or September rate hike. Analysts warn that rising rates could slow the recovery and weigh on earnings.
MENTIONED IN THIS ARTICLE
New York
Intel
Wall Street
Federal Reserve
Stephen Carl
U.S
Fed
Alan Ackerman
Fahnestock & Co
Standard & Poor
Barry Berman
Revert W. Baird & Co
Milwaukee
Salomon Smith Starney
Raverine
Advanced Micro Devices
Microsoft
Amdous
Tnyusturs
Ruary
Lennie
J.B Morgan Coase
Bristol-Myers Squibb
Haders
Fraiopenns
America
Hiwir Cates
Ackerman
Europe
Germany
France
Bitain
Japan