US stocks back in the red on growth worries
Tuesday, September 26, 2023       20:59 WIB

New York, Sept 26, 2023 (AFP)
Wall Street stocks fell early Tuesday as traders fixated on the risk that elevated interest rates will drag on growth.
Lofty borrowing rates have been a growing source of investor angst since last week's Federal Reserve meeting, in which the central bank signaled the possibility of more rate hikes in 2023.
Other worries include a possible government shutdown and the United Auto Workers strike.
About 15 minutes into trading, the Dow Jones Industrial Average was down 1.4 percent at 33,869.66.
The broad-based S&P 500 fell 0.6 percent to 4,312.60, while the tech-rich Nasdaq Composite Index dropped 0.6 percent to 13,189.80.
"The ingredients are in place for another big leg down on Wall Street," said Adam Sarhan of 50 Park Investments, meaning a downward trend.
"That's why we're seeing pressure show up in the market and the bulls are scratching their head, asking collectively, where's the good news going to come from? What's the next bullish catalyst?"
Major indices finished higher on Monday, snapping a four-day losing streak.

Sumber : AFP