Wall Street subdued as consumer sentiment takes hit from rate hikes

on May 13, 2023 08:31:AM

Wall Street’s main indexes struggled to gain on Friday as U.S. consumer sentiment slumped to a six-month low, indicating the rapid interest rate hikes were starting to hurt economic growth, while Tesla shares shed their initial gains. Consumer sentiment in May dropped to its lowest reading since last November as a standoff to raise the […]