S&P 500, Nasdaq And Dow Slip As Investors Assess Rate Hike Possibility — SPCX, UBER, ASTS, BBBY, RXT In Focus
U.S. stock indices fell on Wednesday as investors considered a potential rate hike due to inflation. S&P 500, Nasdaq, and Dow Jones dropped 1.2%, 1%, and 1% respectively. Fed left rates unchanged but hinted at a possible hike by October. SpaceX, Uber, AST SpaceMobile, Bed Bath & Beyond, and Rackspace Technology were in focus.

