US stocks slump, Dow Jones drops over 500 points

2022-01-18 15:29:09 GMT (

US stock indices fell sharply in early trading on Tuesday, after the Treasury bond yield rallied.


The markets are parsing the recent Federal Reserve officials statements, in which they hinted at sooner-than-expected rate hikes, which affects the dollar, and in turn, commodities and stocks.


The Federal Reserve will hold its first monetary policy meeting in 2022 next week, but analysts expect that the Fed will keep interest rates unchanged this time, and will start to raise it most likely during the March meeting.


US 10-year treasury yields rose to 1.8%, and the 2-year bond yield breached the 1% barrier.


As for stocks, Dow Jones fell 1.5% or 560 points to 35,346 as of 14:58 GMT, and S&P 500 fell 1.5% or 71 points to 4,591, while Nasdaq fell 1.7% or 255 points to 14,640 points.

Risk Disclaimer : Economies would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Economies does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.