The S&P 500 index fell 1.9% last week, with the materials and financial sectors leading most others into the red as The Federal Reserve’s Policy Setting Committee signaled it may raise interest rates sooner than previously anticipated. This marks the S&P 500’s first weekly decline since the week ending on May 21, 2021. It also pushed the index into the red for the month of June, wiping out gains recorded in the first two weeks of the month. The S&P 500 is now down 0.9% month to date, however it’s still up 11% year to date. Listen for more.
Get instructions on how to enable our Flash News Briefing skill to your Amazon devices: