Banking crisis, Federal Reserve to raise interest rates again, US stocks near bottom, Dow Jones plunges 530 points-Business-China Times News

The banking crisis, the Federal Reserve will raise interest rates again, and the US stock market will close down.. The Dow Jones plunged 530 points. (Schematic diagram / Dazhi image)

Although the market is worried about the banking crisis, the US Federal Reserve (Fed) decided to raise interest rates by 1 yard. So far, it has raised interest rates for 9 times in a row. The main US stock indices closed in black today.

The Dow Jones Industrial Average fell 530.49 points, or 1.63%, to close at 32030.11 points.

The S&P 500 fell 65.90 points, or 1.65%, to close at 3936.97.

The Nasdaq Composite Index fell 190.15 points, or 1.60%, to close at 11669.96 points.

The Philadelphia Semiconductor Index fell 25.18 points, or 0.81%, to close at 3091.71 points. (Translator: Chen Zhengjian) 1120323