The Dow Jones Industrial Average fell by 211 points, or 0.6%, highlighting market unease amid Federal Reserve commentary on interest rates. Fed officials indicated that while rate hikes may slow, monetary tightening will not end soon, contributing to a 1.1% drop in the Nasdaq. In contrast, Moderna and Biogen reported positive earnings, with Moderna's shares surging over 5% due to booster efficacy news, while Oatly's disappointing results triggered a 12% drop in its stock.
“The Dow Jones Industrial Average · fell · points · 211”
“The Dow Jones Industrial Average · fell · percentage · 0.6%”
“The Nasdaq · was · lower · 1.1%”
“Fed Vice Chair Lael Brainard · said · rate hikes · slower pace”
“Fed Governor Christopher Waller · insisted · monetary policy tightening · isn’t ending in the next meeting or two”
“Moderna · jumped · percentage · more than 4%”
“Moderna · reported · COVID-19 boosters · increased protection against Omicron subvariants”
“Biogen · advanced · percentage · more than 3%”
“Oatly · reported · quarterly loss · larger-than-expected”
“Oatly · sent its shares · lower · more than 12%”
“Amazon.com · fell · percentage · more than 2%”
“Amazon.com · plans to lay off · employees · about 10,000”
