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Stock market closes sharply lower for second straight day on interest rate concerns

Stock market closes sharply lower for second straight day on interest rate concerns

The stock market closed sharply lower for a second straight day on Tuesday, as the strength of the U.S. economy kept investors worried about interest rates. Tuesday’s narrower-than-expected trade gap with the United States in October did not help. Oil, technology and communications stocks led the declines. X The Nasdaq composite fell 2% while the …

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Stock market closes lower after Fed official says inflation could last until 2024

Stock market closes lower after Fed official says inflation could last until 2024

The stock market closed lower on Monday after Fed officials made separate speeches across the country that inflation could last until 2024 and that financial markets could underestimate the number of rate hikes . Oil and real estate stocks were the main victims of the declines. Apple (AAPL) lost ground after a report that iPhone …

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