December 4, 2022

US shares fall and greenback strengthens as price rise

US stocks fall and dollar strengthens as rate rise

US stocks fall and dollar strengthens as rate rise

US shares fell and the greenback strengthened towards its friends on Monday as traders turned cautious over the tempo of rate of interest rises by the Federal Reserve following feedback from senior central financial institution officers.

Wall Road’s benchmark S&P 500 fell 0.4 per cent in early New York buying and selling and the tech-heavy Nasdaq Composite slipped 1 per cent, as traders took some earnings following a rally late final week following higher than forecast inflation information.

The S&P index added 6.4 per…

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