S&P 500 Falls 1% at End of Worst Month This Year

May 7, 2024 by Rita Nazareth

The stock market got hit after the latest economic data showed a plunge in consumer confidence and persistent wage pressures in the run-up to the Federal Reserve decision.

Equities were on track for their worst month since September on speculation the Fed will keep rates unchanged at a two-decade high on Wednesday — with officials unlikely to lower them anytime soon. That perception also drove bond yields up alongside the dollar.

Click HERE to read the full story via Think Advisor

Originally Posted at Think Advisor on April 30, 2024 by Rita Nazareth.