Stocks close down after investors suspect Fed may hike interest rates more than expected - News Summed Up

Stocks close down after investors suspect Fed may hike interest rates more than expected


On the winning end was Macy's, which jumped to one of the biggest gains in the S&P 500 after reporting sales and profits that were comfortably ahead of expectations. The retail giant also gave a forecast for 2018 earnings that was higher than analysts expected. Macy's rose 95 cents, or 3.5%, to $28.40.


Source: Los Angeles Times February 27, 2018 15:06 UTC



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