Morning brief 31/08/2022

U.S. stocks fell for a third straight session on Tuesday, damaging the summer rally rally, as Fed and other central banks around the globe continued to signal they will raise interest rates to curb inflation, despite the negative consequences for economic growth and, potentially, corporate profits. At the end of the session, the S&P 500 index dropped 1.1% to 3,986.16 points, falling 4,000 points for the first time since July 2022. The Nasdaq Composite Index lost 1.1%. The Dow Jones Industrial Average fell 308.12 points, or nearly 1%.