Sentiment Slumped as Worries over Fed’s Exit Lingers

Financial markets slumped as investors remained concerned about Fed’s tapering of QE measures. Wall Street was under pressure as US economic data beat expectation, paving the way for the Fed to reduce stimulus. The DJIA dropped -0.34% while the S&P 500 index lost -2.50%, the biggest drop since November 2011. In the commodity sector, the front-month contract for WTI crude oil dived -2.89% while the Brent crude contract plummeted -3.74%.

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Sentiment Slumped as Worries over Fed’s Exit Lingers