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S&P 500, Nasdaq, Dow Jones sink as Fed pulls rate hike expectations forward; yields rise

Jun. 16, 2021 2:22 PM ETS&P 500 Index (SP500)SHY, TLT, XLF, XLP, IEI, TBT, XLC, SP500, COMP:IND, DJIBy: Kim Khan, SA News Editor9 Comments
  • The stock market added to losses right after the Federal Reserve's statement hit the tape, with the FOMC members now predicting a rate hike in 2023.
  • The major averages had been near lows of the day right before the release and

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