Why Alibaba, Amazon, and Meta Platforms Stocks Tumbled on Wednesday
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What happened
A broad cross-section of stocks slumped on Wednesday, as the market focused on macroeconomic conditions and the Federal Reserve Bank’s response to rising inflation. Unfortunately, the latest rate hike came with a bit of collateral damage.
A broad cross-section of stocks slumped on Wednesday, as the market focused on macroeconomic conditions and the Federal Reserve Bank’s response to rising inflation. Unfortunately, the latest rate hike came with a bit of collateral damage.
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