Fed decision, Apple union vote, Kroger earnings top week ahead
The Federal Reserve is widely expected to announce another interest rate hike this week as it looks to tame scorching-hot inflation.
U.S. stocks sank on Friday after consumer inflation jumped 8.6% to a 40-year high and consumer sentiment sank to an all-time low as tracked by the University of Michigan. The Dow Jones Industrial Average fell 880 points or 2.7%, while the S&P lost 2.9% and the Nasdaq Composite 3.5%. For the week, all three of the major averages fell between 4.6% and 5.6%.
Ticker | Security | Last | Change | Change % |
---|---|---|---|---|
I:DJI | DOW JONES AVERAGES | 31392.79 | -880.00 | -2.73% |
SP500 | S&P 500 | 3900.86 | -116.96 | -2.91% |
I:COMP | NASDAQ COMPOSITE INDEX | 11340.024421 | -414.20 | -3.52% |
FOX Business takes a look at the upcoming events that are likely