On February 27, 2023, reporters reported that the Dow Jones New York Stock Exchange closed on Friday (February 24) and dropped the most weekly this year. Because investors are worried regarding the possibility that the Federal Reserve (Fed) will raise interest rates more aggressively. After revealing the price index, personal consumption expenditure (PCE) rose more than expected.
The Dow Jones Industrial Average closed at 32,816.92 points, a decrease of 336.99 points or -1.02%, the S&P 500 index closed at 3,970.04 points, a decrease of 42.28 points or -1.05%, and the Nasdaq index closed at 11,394.94 points, a decrease of 195.46 points or -1.69%.
