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Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

Bed Bath & Beyond shares sink after CFO's death; Wall Street coming off three straight week of declines

Wall Street
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Photo: Shutterstock

Reuters
Wall Street's main indexes slipped on Tuesday as a stronger-than-expected reading on the U.S. services sector fed into expectations that the Federal Reserve will keep raising interest rates to tame inflation.
 
The tech-heavy Nasdaq was set for its seventh consecutive day of losses in what could be its longest such losing streak since November 2016.
 
Rate-sensitive shares of Apple, Amazon.com Inc and Microsoft Corp fell about a percent each as benchmark U.S. Treasury yields rose to their highest levels since June.
 
"The primary concern by far, for almost everyone, is really just what's going to happen with the Fed and

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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