Stock market news live updates: S&P 500, Nasdaq drop for second straight day after Fed officials discuss half-point rate hike

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Morgan Stanley Sees Gains of at Least 50% in These 2 Stock Giants

The Federal Reserve changed course last month, implementing its first interest rate hike in 3 years, and announcing the end of its long-standing policy of bond purchases – quantitative easing – going forward. The moves are a direct response to high inflation, a necessary shift when the inflation is running at 8.5% annualized. In the meantime, markets are volatile. Stock and bond markets are fluctuating, and we’re starting to see short-term bond yields exceed the long-term. It’s definitely intere