Then Again…Market Reverses Engines After Initial Fed Pop, With Most Sectors Hit

Then Again…Market Reverses Engines After Initial Fed Pop, With Most Sectors Hit

Getty Images



Getty Images

Key Takeaways:



A day after Fed pledges long-term low rates, Wall Street has a rough start

Selling in pre-market has been across the board, in both Tech and “re-opening” stocks

Initial jobless claims close to expectations, but not down much from week ago



It looks like second thoughts might be creeping in a day after the Fed meeting.



Stocks initially popped yesterday following the Fed's pledge to keep rates near zero through 2023. A skid began later and selling picked up ahead of the opening bell this morning. Just about every sector across the board got slammed early on, from Tech to vaccine-related stocks to airlines.





It's never easy to sum up sentiment