Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
At least 68 dead in migrant shipwreck off Yemen: IOM
Trump: We want to feed the people in Gaza, we do not want them to starve.
US President Donald Trump: We will impose sanctions on Russia if it does not end the war on Ukraine.
Israeli media: Polls show that 52% oppose Prime Minister Benjamin Netanyahu while only 29% support him.
Israeli media: 32% of Americans still support "Israel's" war on Hamas, while 60% oppose it.
Israeli media: Core US support for "Israel" hits its lowest, while support for Palestine reaches its highest levels.
Al Mayadeen's correspondent reports martyrs, injuries in Israeli bombardment of home in Heker al-Jame area in Deir al-Balah, central Gaza.
Al-Quds Governorate: Today, the spatial division of Al-Aqsa Mosque began in a public and dangerous manner, and we warn of a religious war in the region
The Ministry of Health in Gaza: This brings the total number of victims of famine and malnutrition to 175, including 93 children
The Ministry of Health in Gaza: Gaza's hospitals recorded six deaths due to starvation and malnutrition in the past 24 hours, all of them adults

Wall Street slumps amid interest rate, economic growth concerns

  • By Al Mayadeen English
  • Source: Agencies
  • 26 Sep 2023 19:18
3 Min Read

Investor frustration has been growing since last week's Federal Reserve meeting, during which the central bank hinted at the possibility of additional interest rate hikes in 2023.

  • x
  • A monitor displays information about the Federal Reserve interest rate on the floor at the New York Stock Exchange in New York, Wednesday, Sept. 20, 2023. (AP)
    A monitor displays information about the Federal Reserve interest rate on the floor at the New York Stock Exchange in New York, Wednesday, Sept. 20, 2023. (AP)

Wall Street on Tuesday experienced a decline in stock prices as traders remained concerned about the potential negative impact of elevated interest rates on economic growth, AFP reports.

Investor frustration has been growing since last week's Federal Reserve meeting, during which the central bank hinted at the possibility of additional interest rate hikes in 2023.

Other sources of concern include the looming possibility of a government shutdown and the ongoing United Auto Workers strike.

Approximately 15 minutes into the trading session, the Dow Jones Industrial Average had fallen by 1.4 percent to 33,869.66 points.

The broader S&P 500 index saw a 0.6 percent drop to 4,312.60 points, while the technology-heavy Nasdaq Composite Index also declined by 0.6 percent to 13,189.80 points.

"The ingredients are in place for another big leg down on Wall Street," Adam Sarhan of 50 Park Investments told AFP as he referred to a downward trend.  

Related News

US uses tariffs to strongarm India on Russia ties

China's rare earths restrictions affect Western defense firms: WSJ

"That's why we're seeing pressure show up in the market and the bulls are scratching their head, asking collectively, where's the good news going to come from? What's the next bullish catalyst?"  

It's worth noting that major stock indices managed to close higher on Monday, ending a four-day losing streak.

The news comes amid the looming threat of a government shutdown, driven by demands for significant spending cuts by hardline Republicans in the House of Representatives, just four months after narrowly avoiding a credit default.

With less than a week remaining, the proposed measures have yet to gain approval in the Republican-controlled House and face slim chances in the Democratic-controlled Senate.

Moody's warned on Monday that "a shutdown would be credit negative for the US sovereign" and that it "would underscore the weakness of US institutional and governance strength relative to other AAA-rated sovereigns." 

The Biden administration warned a week ago that the consequences of a government shutdown would be far-reaching, with risks including the depletion of the Federal Emergency Management Agency's disaster relief fund, disruptions to scientific research, delays in FDA food inspections, interruptions to hundreds of thousands of federal workers' salaries, and potential impacts on health programs.

Read more: Senator slams Fitch US downgrade as 'historic failure of leadership'

  • United States
  • New York Stock Exchange
  • Stock market

Most Read

A rescued crew member from the ETERNITY C vessel in a video released by the Yemeni Armed Forces on July 28, 2025 (Yemeni Military Media)

Yemen Navy reveals fate of targeted Eternity C ship crew

  • Politics
  • 28 Jul 2025
An Israeli tank explodes following an ambush by al-Qassam Brigades in Gaza, Occupied Palestine, undated (Al-Qassam Military Media)

Al-Qassam strikes Israeli vehicles in Gaza, inflicts casualties

  • Politics
  • 30 Jul 2025
UAE lodges complaint against Israeli ambassador over 'misbehavior'

UAE lodges complaint against Israeli ambassador over 'misbehavior'

  • Politics
  • 1 Aug 2025
Protesters chant anti-Israeli slogans as they carry a banner that reads:" Freedom for Palestine, Alliance stop the war," during a demonstration in support of Palestinians in Gaza, outside the Israeli embassy, in Athens, Monday, June 9, 2025 (AP)

Athens mayor slams Israeli ambassador over Gaza war, graffiti claim

  • Politics
  • 3 Aug 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A member of the al-Qassam Brigades, the armed wing of Hamas, takes part in a parade as he celebrates a ceasefire agreement between Hamas and the Israeli regime in Deir al-Balah, Gaza Strip, Sunday, January 19, 2025 (AP)
Politics

Al-Qassam: We’ll allow aid to Israeli captives if Gaza siege ends

Freed Lebanese freedom fighter Georges Abdallah during an interview on Al Mayadeen, which aired on Sunday, August 3, 2025 (Al Mayadeen screengrab)
Politics

Exclusive: Resistance key to building state, Georges Abdallah says

United Nations Secretary General Antonio Guterres gives a statement about the situation in Gaza at UN headquarters, Friday, June 27, 2025 (AP)
Politics

UN warns Gaza faces water crisis, looming famine under Israeli siege

Israeli soldiers drive their armored personnel carrier along the Gaza Strip, in southern occupied Palestine, Wednesday, July 30, 2025 (AP)
Politics

Ex-Israeli general says Gaza starvation campaign isolated 'Israel'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS