Stock Market Rebounds After Sell-Off, Fed Rate Hikes Loom

Stocks stabilize after Wall Streets steepest sell-off in over a month, as investors hope for recovery. The Dow Jones Industrial Average erased record-setting gains, while the Nasdaq Composite led declines. Federal Reserve officials hint at a tougher stance on interest rates, adding uncertainty as the government reopened and economic data releases are questioned.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.