Wall St drops over 1% after Powell’s inflation, taper comments By Reuters

November 30, 2021 admin Stock News 0

© Reuters. FILE PHOTO: A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly

(Reuters) – Wall Street’s main indexes extended declines in choppy trading on Tuesday after Federal Reserve Chair Jerome Powell said the risk of higher inflation has increased and that it was appropriate to consider wrapping up tapering a few months sooner.

At 10:57 a.m. ET, the was down 458.64 points, or 1.31%, at 34,677.30, the was down 58.76 points, or 1.26%, at 4,596.51, and the was down 193.42 points, or 1.23%, at 15,589.41.

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