Market Roundup: Major Indices Down More than 5% While Fed Hikes Interest Rates

Stocks slipped on Monday with Technology shares dragging down the stock indices. The Dow Jones Industrial Average dropped 1.3%, falling back into negative territory for 2018. Facebook lost about $36.4 billion in market value on the discovery that a firm tied to Trump’s 2016 election campaign gathered data from millions of Facebook profiles without authorization.

Market Roundup: Market Volatility Fueled by Inflation Fears and Trade Policy Concerns

Both the Dow Jones Industrial Average and the S&P 500 Index started the week slightly down, as investors continued to assess the proposed tariffs on steel and aluminum imports. The slip continued Tuesday after early market momentum faded following news of Secretary of State, Rex Tillerson’s ouster. Elsewhere, consumer prices ticked up in February, as the Consumer Price Index rose 0.2%, cooling slightly from a 0.5% jump in January.