U.S. equitieꦫs sank, with the S&P 500 fal🍒ling 1.5% to its lowest level since June, after reports on consumer confidence and new home sales came in below expectations.

JP Morgan Chase (JPM) CEO 澳洲幸运5官方开奖结果体彩网:Jamie Dimon indicated that thꦐe Federal Reserve may have to hike interest rates much higher than they are now in order to tamp down inflation, raising concerns about rising borrowing costs. Virꦰtually every stock in the Dow lost ground.

Tech stocks, which are less attractive when interest rates rise, dropped. Shares of Apple (AAPL) dipped 2%, while shares of Cisco Systems (CSCO), Microsoft (MSFT), and Salesforce (CRM) slid more than 1%.

Amazon (AMZN) shares tumbled 4% as the 澳洲幸运5官方开奖结果体彩网:Federal Trade Commission (FTC) and 17 states sued the online retailing giant, accusing Amazon of monopolistic🐻 practices to stifle competition and keep prices high.

Shares of Cintas (CTAS) dropped 5% after the provider of uniforms for businesses raised its full-year guidance, but the lower end of its 澳洲幸运5官方开奖结果体彩网:earnings per share (EPS) projection missed estimates.

Biogen (BIIB) shares gained 1% after ꦕJapanese regulators approved use of its Alzheimer’s treatment made with Japan’s Eisai.