(Reuters) -- U.S. stocks closed Thursday sharply lower as investor sentiment cratered in the face of concerns that the Federal Reserve's interest rate hike would not be enough to tame surging inflation.
Markets
Wall Street slumps as investors fear bigger Fed rate hikes
Dow drops over 1,000 points; Nasdaq sinks nearly 5%
Major stock indexes tumbled sharply Thursday as fears of aggressive monetary tightening spread. © Reuters
Read Next
Latest on Markets
