Power Breakfast: Wall Street Slumps As Fed Heightens Recession Fears; Apple Alphabet Amazon, Microsoft Slips 3-4%

Name: Power Breakfast: Wall Street Slumps As Fed Heightens Recession Fears; Apple Alphabet Amazon, Microsoft Slips 3-4%
Uploaded: 2022-12-16T08:30:01+05:30
Duration: 19 min 40 s
Description: US markets fell sharply yesterday as the US Fed indicated further interest rate hikes. Retail sales fell 0.6% in November. Shares of Apple, Alphabet, Amazon, Microsoft fell 3-4%. Netflix fell 8.6%. ECB and BoE hiked interest rates by 0.5%. Apart from this, ECB also indicated further hike in interest rates.

US markets fell sharply yesterday as the US Fed indicated further interest rate hikes. Retail sales fell 0.6% in November. Shares of Apple, Alphabet, Amazon, Microsoft fell 3-4%. Netflix fell 8.6%. ECB and BoE hiked interest rates by 0.5%. Apart from this, ECB also indicated further hike in interest rates.

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Written By: Zee Business Video Team

Updated on: December 16, 2022, 08.40 AM IST