(Reuters) – Wall Street stocks fell on Friday after comments by Federal Reserve official James Bullard that inflation was stronger than anticipated shook investors’ confidence in their existing positions, sending all three major indexes sharply lower.
Stocks fell Friday to extend a streak of volatile trading following the Federal Reserve's latest monetary policy decision and projections. The Dow sold off sharply, sinking by 1.6%, or more than 500 points, to close out a fifth straight session of declines. The index fell more than 3% on the week in its worst weekly performance since October. The S&P 500 extended losses to close lower by 1.3%, while the Nasdaq fell 0.9%. Sylvia Jablonski, Defiance ETFs Co- founder & CIO and Ross Mayfield, Baird Investment Strategy Analyst joined Yahoo Finance Live to break down the details.
WASHINGTON (Reuters) – Wall Street was down and the dollar surged on Friday as investors tried to balance a seemingly more hawkish stance by the Federal Reserve with persistent optimism about the U.S. economy as it emerges from the pandemic.