“Dow falls over 250 points as investors await details on Fed plans to shrink balance sheet”
April 6, 2022
“U.S. stocks were suffering a second day of declines on Wednesday, with technology and other growth shares leading the way lower as investors awaited expected details of the Federal Reserve’s plan to begin shrinking its nearly $9 trillion balance sheet.
What’s happening
- The Dow Jones Industrial Average DJIA, -0.75% fell 260 points, or 0.8%, to 34,381.
- The S&P 500 SPX, -1.21% shed 46 points, or 1%, to 4,478.
- The Nasdaq Composite COMP, -2.20% dropped 215 points, or 1.5%, to 13,990.
On Tuesday, the Dow Jones Industrial Average fell 281 points, or 0.8%, while the S&P 500 declined 1.3% and the Nasdaq Composite slumped 2.3%…”