Stocks stumble as Fed begins 'Great Unwinding'
Stocks set to open slightly lower after the Fed signals i’ts on track for another rate hike this year. Yahoo Finance’s Alexis Christoforous, Editor-in-Chief Andy Serwer, Myles Udland and Melody Hahm discuss the big stories of the day.
Today’s topics:
Fed’s ‘Great Unwinding’ lifts dollar, yields and bank stocks
S&P cuts China’s credit rating to A+, citing risk from debt growth
SEC discloses 2016 cyber attack that may have enabled insider trading
Tesla, Advanced Micro Devices working on self-driving car chip: CNBC
Baidu launches $1.5B self-driving car fund
US Calgon Carbon up over 60% on acquisition news
Counter-terrorism experts tackle hate on social media
GE ends private jet travel for CEO and top execs
TWITTER POLL:
What does GE do?
– Oil and gas
– Appliances
– Light bulbs
– I really don’t know