The Dow Jones Industrial Average retreated for the first time in four trading days on the New York Stock Exchange, ending at $53,463.88, down $113.52 from the previous day. Selling was reportedly driven by concerns over US interest-rate hikes.
The Dow Jones Industrial Average retreated for the first time in four trading days on the New York Stock Exchange, ending at $53,463.88, down $113.52 from the previous day. The move reflected a decline across the US market as a whole.
The article cites concerns over US interest-rate hikes as the main driver of the selling, conveying that investor wariness over interest-rate trends is intensifying.