c-nyse2-RTX4O371-Lucas Jackson

After the worst drop in six years, US stocks are still fluctuating

4.1%

After registering the worst drop in six years on Feb. 5, US stocks have had a volatile day, with the S&P 500 down less than a percentage point by mid-afternoon.

Published   |  Photo by Reuters/Lucas Jackson
c-nyse2-RTX4O371-Lucas Jackson
4.1%

The small decline is calming investors after a scary start to the week. The S&P 500 dropped 4.1% yesterday, more than wiping out the benchmark index’s profits for 2018.

c-nyse2-RTX4O371-Lucas Jackson
4.1%

c-nyse2-RTX4O371-Lucas Jackson
4.1%

Investors, spooked by rising wages in the US, are concerned that the Federal Reserve might raise interest rates faster than expected. Rising bond yields added to their fears.

c-nyse2-RTX4O371-Lucas Jackson
4.1%

The fact that the Fed changed heads on Monday did not help. Investors have a less clear sense of how the new chairman, Jerome Powell, sees the current situation, and how he might react.

c-nyse2-RTX4O371-Lucas Jackson
4.1%

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