Rate hike jitters hit US stock markets

US stocks turned mostly lower for a third day amid nervousness about an acceleration in future US interest-rate increases
Rate hike jitters hit US stock markets

US Federal Reserve chair Jerome Powell downplayed the risk of any immediate rate increase.

Thu, 17 Jun, 2021 - 18:57
Kamaron Leach and Vildana Hajric

US stocks turned mostly lower for a third day amid nervousness about an acceleration in future US interest-rate increases.

The energy and materials sectors pushed the S&P 500 Index into the red. 

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