A stock-market selloff intensified after Fed Chairman Kevin Warsh signaled the U.S. economy is robust, raising the possibility of more rate hikes ahead.
The Dow fell by around 1%, while the Nasdaq and S&P 500 both gave up earlier gains. "This summer's inflation readings do not tell me that underlying trends have meaningfully improved," Warsh said.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.