Power Breakfast: Wall Street Slumps As Fed Heightens Recession Fears; Apple Alphabet Amazon, Microsoft Slips 3-4%
Zee Business Video Team | Updated: December 16, 2022 08:40 am
US markets fell sharply yesterday as the US Fed indicated further interest rate hikes. Retail sales fell 0.6% in November. Shares of Apple, Alphabet, Amazon, Microsoft fell 3-4%. Netflix fell 8.6%. ECB and BoE hiked interest rates by 0.5%. Apart from this, ECB also indicated further hike in interest rates.