Stock Sell off on Fears of Increased FED Tightening As Economic and Labor Data Remain Strong and Large Bank Fails
Major stock indices sold off as strong jobs data increased the likelihood of larger FED rate hikes. The Dow Jones Industrials saw its worst week since last June. Adding to the selloff was the failure of Silicon Valley Bank, the biggest bank failure since 2008. The bank catered to startup technology firms. On Wednesday the […]