Stocks hit two-month low as rate-hike fears return

U.S. STOCKS plunged on concern that rising interest rates will drag down economic growth. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
U.S. STOCKS plunged on concern that rising interest rates will drag down economic growth. / BLOOMBERG FILE PHOTO/MICHAEL NAGLE
NEW YORK - The dread that gripped equity markets earlier in the week re-emerged Thursday as U.S. stocks plunged on concern that rising interest rates will drag down economic growth. U.S. stocks fell to two-month lows after a nine-day swoon wiped out almost 9 percent in the S&P 500. The index’s 3.75 percent drop Thursday wiped…
To read the full story, Subscribe or
Subscribe to PBN
- Advertisement -