top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Markets

27 Jan 2022

Dow Futures Fall by over 400 Points Following Fed Meeting on Wednesday

The Index Today

Major U.S. index futures plunged on Wednesday night following the conclusion of the Federal Reserve’s two-day meeting which heralded several interest rate hikes for 2022 with the first of them scheduled to come into effect in March.

S&P 500 futures and Nasdaq 100 futures plummeted, with Dow Jones Industrial Average futures slipping by over 400 points. The S&P 500 index dropped by 0.2% at 4,349.93, and the Nasdaq Composite Index fell short below 0.1% to 13,542.12. The Dow Jones Industrial Average dipped by 0.4% to 34,168.09.

Trading remained volatile but was exacerbated by Fed decisions regarding monetary policy. Although no concrete confirmations have been forthcoming, Chairman Powell revealed that the Fed “was of a mind” to increase rates for the first time since 2018 after its March meeting. This has led to speculation that as many as four interest rate hikes could be implemented this year.

©Photo: AP/Craig Ruttle

Clay pottery with table linens
bottom of page