From Uncertain to Unsettled
Stock prices retreated last week as global central banks joined the Federal Reserve in taking steps to tighten monetary policy.
The Dow Jones Industrial Average fell 1.68%, while the Standard & Poor’s 500 dropped 1.94%. The Nasdaq Composite index tumbled 2.95% for the week. The MSCI EAFE index, which tracks developed overseas stock markets, managed a gain of 0.47%.
