How major US stock indexes fared Tuesday 2/21/2023

How major US stock indexes fared Tuesday 2/21/2023

SeattlePI.com

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Wall Street tumbled to its biggest drop since December as concerns deepen about the impact of rising interest rates. Home Depot fell to one of the market’s sharper losses Tuesday after it gave a financial forecast that fell short of Wall Street’s expectations. Treasury yields kept climbing on worries that the Federal Reserve will need to stay aggressive on keeping rates high to fight inflation. Higher rates slow the economy, and the concern is they could cause a recession.

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