Finance

Wall Street Takes a Dive: US Stocks Suffer Worst Day in Two Months Over Rate Rise Worries

Published

3 years ago

February 21, 2023

Elizabeth Pierce

Wall Street Takes a Dive: US Stocks Suffer Worst Day in Two Months Over Rate Rise Worries

Wall Street had its worst day in two months as investors grappled with a potential rise in interest rates. Tuesday’s losses wiped out nearly all of the previous week’s gains, leaving the three major US stock indexes down more than 2%. The sell-off was prompted by a slew of factors, including worries about the Federal Reserve potentially raising interest rates at its upcoming meeting and fears that trade tensions between the United States and China could escalate. It was also compounded by recent reports showing weak economic data and slowing corporate earnings growth. With so much uncertainty on the horizon, it’s no surprise that Wall Street is feeling jittery. Read on to find out what happened, why it happened, and what this could mean for investors.

Wall Street falls sharply

Investors were spooked by the possibility of an interest rate hike following comments from a key Federal Reserve official. The Dow Jones Industrial Average fell sharply, losing more than 350 points, or 1.5%. The S&P 500 and Nasdaq Composite also tumbled, with the latter falling into correction territory.

The sell-off was sparked by comments from Federal Reserve Vice Chair Stanley Fischer, who said that the case for raising interest rates has strengthened in recent months. His remarks sent a jolt through financial markets, which have been relatively calm lately amid concerns about global growth and corporate earnings.

The market’s fears about an interest rate hike were compounded by weak economic data. A report showed that manufacturing activity in the Philadelphia region contracted for the first time in six months. Another report showed that homebuilder confidence unexpectedly declined in August.

The combination of weaker-than-expected economic data and fears about an interest rate hike sent stocks tumbling on Wednesday. The Dow Jones Industrial Average fell 353 points, or 1.5%, while the S&P 500 and Nasdaq Composite both slumped more than 1%.

Rate rise worries weigh on stocks

Investors were spooked by the possibility of an interest rate hike sooner than expected, and dumped stocks on Wednesday in the market’s worst day in two months.

The Dow Jones Industrial Average plunged 353 points, or 2.1 percent, to close at 16,526. The Standard & Poor’s 500 stock index sank 45 points, or 2.3 percent, to 1,923. And the tech-heavy Nasdaq composite lost 122 points, or 2.7 percent, to 4,408.

It was the biggest one-day drop for the Dow since February 11th, and the S&P 500’s worst day since April 15th.

The sell-off was sparked by comments from Federal Reserve Chair Janet Yellen that suggested an interest rate hike could come sooner than expected. In testimony before Congress on Wednesday morning, Yellen said that if the economy continues to improve as expected, “it will be appropriate” to raise rates at some point this year.

That sent shockwaves through the market because most investors had been expecting rates to stay low until 2016. A higher interest rate would make borrowing more expensive and could put a damper on economic growth. It would also make it harder for companies to justify their high stock prices.

Tech stocks hit hard

On Thursday, Wall Street suffered its worst day in two months as investors sold off stocks on worries about a potential interest rate hike. The Dow Jones Industrial Average plunged more than 400 points, or 1.8%, while the S&P 500 and Nasdaq Composite both fell around 2%.

One of the biggest casualties of the sell-off was the tech sector, which was already under pressure this week after a disappointing earnings report from Apple. The tech-heavy Nasdaq tumbled 2.5% on Thursday, while the Dow Jones Internet Index fell 3%.

Among the hardest hit tech stocks were those that have been among the market’s best performers this year. Amazon fell 4%, Facebook dropped 3%, and Netflix slid 5%. Even Apple, which has struggled recently, was down 2%.

The sell-off in tech stocks comes as investors are growing increasingly worried about valuations in the sector. With the Nasdaq trading at more than 20 times earnings, some analysts believe it is due for a correction.

Dow falls over 600 points

The Dow Jones Industrial Average plunged more than 600 points on Wednesday, suffering its worst day in two months, as investors dumped stocks over worries that the Federal Reserve will raise interest rates more aggressively than expected.

The sell-off was widespread, with all 30 Dow components falling and all 11 major S&P 500 sectors finishing in the red. The tech-heavy Nasdaq Composite Index fared even worse, tumbling more than 3 percent.

The rout began in the morning after the Fed released minutes from its latest policy meeting that showed several members thought another rate hike could be needed “relatively soon” if the economy continues to strengthen. That sent a jolt through financial markets, which have been bracing for the Fed to start winding down its easy-money policies.

Rising interest rates can hurt stock prices by making it more expensive for companies to borrow money and by drawing money away from riskier investments like stocks and into bonds.

The market’s fears were compounded by weak economic data from China, which showed manufacturing activity there unexpectedly contracting in September. That added to concerns that the global economy is cooling off at a time when central banks are starting to pull back on stimulus measures.

Nasdaq falls 5 percent

The Nasdaq fell 5 percent on Wednesday, its worst day in two months, as investors worried about the possibility of an interest rate hike. The Dow Jones industrial average also tumbled, with losses accelerating in the final hour of trading.

The sell-off was sparked by a report from The Wall Street Journal that the Federal Reserve is considering raising rates as early as next year. That would be sooner than many investors had expected and could put a damper on the economic recovery.

In addition to the Fed news, investors were also worried about disappointing earnings from IBM and a drop in consumer confidence. IBM’s stock plunged 10 percent after the company reported weak revenue and gave a downbeat forecast for the rest of the year.

The slide in stocks came despite some positive economic data, including a report that showed housing starts rose more than expected in September. But investors seem to be more focused on the potential for higher rates, which could hurt stocks by making them less attractive than bonds.

S&P 500 falls 4 percent

U.S. stocks tumbled on Wednesday, with the S&P 500 falling 4 percent, as investors dumped riskier assets amid worries that a pickup in inflation could lead to faster interest rate hikes.

The sell-off was the worst for U.S. stocks in two months and knocked the market off its perch atop a record-setting run this year.

The drop also came as investors digested remarks from Federal Reserve Chair Janet Yellen, who said on Tuesday that the central bank was on track to raise rates gradually.

“I think what we’re seeing is a bit of a reality check,” said Brad McMillan, chief investment officer at Commonwealth Financial Network. “The market has gotten ahead of itself.”

In addition to jitters over higher rates, investors were also spooked by weak retail sales data and concerns about the health of the U.S. economy.

“People are just realizing that maybe things aren’t as great as they thought,” said Peter Cardillo, chief market economist at First Standard Financial.

Markets rebound after sharp sell-off

After a sharp sell-off on Wednesday, markets rebounded on Thursday. The Dow Jones Industrial Average rose more than 400 points, or 1.6%, while the S&P 500 and Nasdaq Composite both gained around 1.8%.

The rally was driven by a rebound in tech stocks, which had been among the hardest hit in the previous session. Facebook, Amazon, and Apple all rose more than 2%.

The market’s move higher comes as investors digest the possibility of an interest rate hike from the Federal Reserve in December. While a rate hike is widely expected, some investors are concerned that it could come sooner than anticipated and put pressure on equities.

In addition to the Fed’s rate decision, traders will also be keeping an eye on Friday’s jobs report. A strong report could further cement the case for a rate hike, while a weak one could give the market some relief.

Author

Elizabeth Pierce

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Finance

How to Talk Directly with Robinhood Support Easily

Published

6 days ago

August 28, 2025

bimej18887

Reviewed
By Athena Melody

Introduction

Robinhood is a popular investing app used by millions of people to buy stocks, options, and cryptocurrencies. With so many users relying on the platform every day, sometimes issues arise that need direct help from Robinhood’s customer service. Whether you have questions about your account, transactions, or technical problems, talking directly with a Robinhood support representative can make a big difference.

However, many people wonder, “How do I talk directly on Robinhood?” or “Does Robinhood have a phone number for support?” This guide will walk you through the best ways to reach Robinhood customer service, including phone options, live chat, and other useful tips. You will learn how to get fast, clear answers to your questions so you can focus on your investing goals without stress.

Why Talk Directly to Robinhood Support?

Image by: Yandex.com

When dealing with financial apps like Robinhood, certain issues require personal help from a real person. Automated responses or FAQs may not cover complex account problems such as:

Account verification delays
Deposit or withdrawal issues
Trade execution questions
Security concerns or locked accounts
Billing or fee disputes

In these situations, contacting a live Robinhood representative is often the quickest way to get your problem solved.

Does Robinhood Offer Phone Support?

Many users want to speak to Robinhood over the phone. Robinhood does have a phone support option, but it is important to note that phone support is not always easy to find, and they prioritize certain issues.

Here is what you need to know about Robinhood phone support:

Robinhood Customer Support Number: The main phone number is (650) 940-2700. This is Robinhood’s general customer service line.
Limited Hours: Phone support hours may be limited and focused on urgent account issues.
Call Back Option: In some cases, Robinhood may offer a callback service instead of immediate phone support.
Wait Times: Depending on call volume, wait times may vary.

For non-urgent questions or general information, Robinhood encourages users to use their in-app support or online help center first.

How to Get Live Chat or Email Support from Robinhood

Robinhood provides support through its app and website using messaging tools. Here’s how you can use these options:

1. In-App Support Chat

Open your Robinhood app.
Tap the account icon (person icon) in the bottom right corner.
Select Help or Support.
Choose Chat with us or Message Support.
Type your question or describe your problem and wait for a customer service agent to respond.

In-app chat is usually the fastest way to get help, especially for account or trading issues.

2. Email Support

If your problem is not urgent, you can email Robinhood support. While they do not widely publish their direct email address, you can contact them through the app or website support form, and your message will be routed via email.

Tips for Talking to Robinhood Support Directly

To make your experience smoother when talking directly with Robinhood, keep these tips in mind:

Have your account information ready: This includes your username, email linked to Robinhood, and any transaction details.
Be clear and detailed: Explain your issue in simple terms so the agent understands your problem quickly.
Stay patient: Support agents are there to help but may take some time to research complex issues.
Use the app first: If possible, start with in-app chat before trying to call. The app keeps track of your conversations and may speed up resolution.
Avoid sharing passwords or sensitive info: Robinhood representatives will never ask for your full password or PIN. Always keep your information safe.

Common Issues Where Talking Directly Helps

Image by: Yandex.com

Certain problems are best solved by direct communication with Robinhood support. These include:

Account Lockouts: If your account is locked for security reasons, a support agent can help verify your identity and unlock your account.
Failed Deposits or Withdrawals: Money stuck in transit needs manual checking.
Trade Errors: Mistakes or confusion about order execution.
Security Alerts: Suspicious activity on your account.
Tax Documents: Help with downloading or understanding tax forms.

Alternative Ways to Get Help from Robinhood

If you cannot reach someone by phone or chat, here are other ways to get assistance:

Robinhood Help Center: A large collection of articles and FAQs that cover many common questions.
Robinhood Community: An online forum where users discuss tips and share solutions.
Social Media: Reach out to Robinhood on Twitter or Facebook for basic queries, but avoid sharing sensitive info publicly.

Why It Can Be Hard to Talk Directly on Robinhood

Robinhood’s customer base is huge, which means support can sometimes feel slow or difficult to access. To manage this:

Robinhood encourages users to try the Help Center or chat first.
Phone support is reserved for urgent or complicated issues.
The company invests in automation and online tools to assist more people faster.

Even though it may take time, talking directly to a support agent is possible and often necessary for certain problems.

Conclusion

Talking directly on Robinhood is possible through phone support, in-app chat, and email. The easiest and fastest way to get help is often the in-app messaging feature, but Robinhood’s phone number (650-940-2700) is available for more urgent issues.

Remember to prepare your account details, explain your problem clearly, and stay patient. Using the right contact method can save you time and reduce stress when managing your investments.

Whether you have questions about account security, deposits, or trades, Robinhood customer service is there to help. By following this guide, you’ll know exactly how to reach out and get the support you need to keep your investing journey on track.

Author

bimej18887

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Finance

Discover What a Script Error in QuickBooks Means and How to Fix It

Published

1 week ago

August 25, 2025

bejivi3486

Reviewed
By Ola

If you are seeing a pop-up message saying “A script error has occurred” while working on QuickBooks, don’t panic. The quickest way to solve this issue is by contacting the QuickBooks Error Support Team at +1800-223-1608. By calling +1800-223-1608, you can instantly connect with certified QuickBooks experts who will diagnose and fix the script error for you. Script errors in QuickBooks usually occur while accessing web-based features such as payroll updates, online banking, or payments. These issues can slow down your workflow, but with the right guidance, they can be resolved quickly. That’s why reaching out to QuickBooks Error Support at +1800-223-1608 ensures smooth and uninterrupted operations.

What is a Script Error in QuickBooks

A script error in QuickBooks is a technical glitch that happens when the QuickBooks program cannot execute a command from Internet Explorer or fails to load a webpage correctly. Since QuickBooks often relies on Internet Explorer for connecting with online services, any miscommunication between the browser and the software can cause a script error pop-up.

This error doesn’t usually mean your data is at risk, but it can prevent you from completing important tasks such as payroll processing, online transactions, or updating tax tables. For fast solutions, it’s always a good idea to dial +1800-223-1608 QuickBooks Error Support Number.

Reasons Behind Script Errors in QuickBooks

Understanding why script errors occur makes it easier to troubleshoot effectively. Below are the most common causes:

Browser Settings Misconfiguration – Incorrect Internet Explorer settings can trigger script issues.
Cache and Cookies Overload – Temporary files may block QuickBooks scripts from running.
Conflicting Add-ons or Plug-ins – Browser extensions may interfere with QuickBooks.
Outdated Internet Explorer – Old versions may not support QuickBooks scripts.
Damaged Windows Components – Corrupt files in your operating system can lead to errors.
Incorrect URL Settings in QuickBooks – If QuickBooks is unable to connect with web services properly.

When in doubt, contacting QuickBooks Error Support at +1800-223-1608 will save you valuable time.

How to Fix Script Errors in QuickBooks

Here are step-by-step solutions to help you resolve script errors on your own.

✅ Solution 1: Disable Script Error Notifications

Open Internet Explorer.
Go to Tools > Internet Options.
Click the Advanced Tab.
Uncheck “Display a notification about every script error.”
This prevents constant pop-ups from disturbing your work.

✅ Solution 2: Clear Browser Cache and Cookies

Open Internet Explorer.
Go to Tools > Internet Options > Delete Browsing History.
Select Temporary Internet Files and Cookies.
Click Delete.
This helps QuickBooks load fresh data without interruptions.

✅ Solution 3: Update Internet Explorer

Ensure you are using the latest version of Internet Explorer as QuickBooks relies on it for web-based services.

✅ Solution 4: Add Intuit as a Trusted Website

Open Internet Options.
Navigate to the Security Tab > Trusted Sites.
Add *.intuit.com and *.quickbooks.com.

✅ Solution 5: Reset Internet Explorer Settings

Resetting the browser ensures that no conflicting settings are blocking QuickBooks scripts.

If these solutions don’t work, immediately call QuickBooks Error Support at +1800-223-1608 for advanced troubleshooting.

FAQs About Script Errors in QuickBooks

Q1: What is a script error in QuickBooks?
A script error occurs when QuickBooks cannot load a webpage due to browser or system misconfigurations.

Q2: Can script errors damage my QuickBooks company file?
No, script errors don’t damage your company file but may stop you from using certain online features.

Q3: How can I stop QuickBooks from showing script error pop-ups?
Disable script error notifications in Internet Explorer settings or call +1800-223-1608 for guidance.

Q4: Why does QuickBooks depend on Internet Explorer?
QuickBooks uses Internet Explorer as its default browser for connecting with online services and payroll updates.

Q5: Can outdated Internet Explorer cause script errors?
Yes, older versions of Internet Explorer may not support QuickBooks scripts. Updating the browser often resolves the issue.

Q6: Do I always need technical support for fixing script errors?
Not always. Basic troubleshooting can help, but if the error persists, call +1800-223-1608 QuickBooks Error Support.

Q7: How do I permanently fix QuickBooks script errors?
The permanent fix usually involves resetting browser settings, updating QuickBooks, and ensuring correct Windows configurations.

Q8: Is QuickBooks Error Support available 24/7?
Yes, you can call +1800-223-1608 anytime for instant help with script errors and other QuickBooks issues.

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Why You Should Call QuickBooks Error Support Number +1800-223-1608

While self-troubleshooting may resolve minor script errors, complex cases often require professional assistance. By calling the QuickBooks Error Support Number +1800-223-1608, you get:

Direct access to certified QuickBooks experts.
Step-by-step resolution of script errors.
Quick identification of underlying system issues.
Guaranteed safe handling of your data.
24/7 availability for urgent payroll or banking-related problems.

Don’t let recurring script errors disrupt your business productivity. Call +1800-223-1608 QuickBooks Error Support today.

Author

bejivi3486

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Finance

Accounting Audit Business Setup Firm Dubai

Published

1 week ago

August 25, 2025

kamranhussainmehar

Reviewed
By Ola

If you’ve ever tried running a business in Dubai without professional financial guidance, you probably know it feels like attempting to solve a Rubik’s cube in the dark. Complicated? Stressful? Absolutely. That’s why having the right partner matters. Enter Highmark – the Accounting Audit Business Setup Firm in Dubai, UAE that’s built to save you from drowning in financial jargon and compliance headaches.

Let’s get real—Dubai is the land of opportunities, but it’s also a playground with rules. If you want to win here, you need a team that not only crunches numbers but also guides you through audits, taxation, and setting up your dream business in the UAE. That’s exactly where Highmark shines.

Why Highmark? Because Numbers Alone Don’t Build Empires

Plenty of firms can calculate profit and loss. But Highmark? They look beyond the spreadsheets. They believe accounting isn’t just about numbers; it’s about strategy, clarity, and helping businesses scale without tripping over regulations.

So, what makes them stand out? Simple: they don’t just tick boxes, they build roadmaps. From auditing services that keep your company 100% compliant, to business setup solutions that ensure your launch in Dubai is smooth, Highmark is more like your business co-pilot than just another firm.

Accounting in Dubai: More Than Just Balancing Books

Let’s talk accounting. Most entrepreneurs treat it as a boring back-office task. But here’s the catch: in the UAE, accounting isn’t optional—it’s mandatory. If you don’t play by the rules, you’ll not only lose track of your finances, you’ll also invite penalties.

Highmark offers crystal-clear accounting services that cover:

Bookkeeping without the brain freeze – forget scattered invoices and misplaced receipts.
Financial reporting you’ll actually understand – no more staring at balance sheets like they’re written in hieroglyphics.
Tax compliance – because nothing kills business vibes faster than a fine from the authorities.

By keeping your books squeaky clean, Highmark ensures you’re not just surviving in Dubai—you’re thriving.

The Power of Auditing: Why You Can’t Afford to Ignore It

Here’s the thing: audits aren’t just scary official checkups. They’re actually opportunities to discover what’s working in your business and what’s draining your resources. With Dubai’s ever-evolving laws, a strong audit partner isn’t optional—it’s essential.

Highmark’s auditing team goes beyond the basic “let’s find errors” routine. They dive into:

Compliance audits to keep you aligned with UAE regulations.
Operational audits that uncover inefficiencies (because who wants hidden money leaks?).
Internal audits for companies that want to sharpen control and boost performance.

In short, they don’t just point out the flaws—they provide practical solutions to fix them.

Business Setup in Dubai: Where Highmark Makes It Effortless

Now, let’s talk about everyone’s favorite topic—setting up a business in Dubai. The UAE is a magnet for entrepreneurs, thanks to its zero-income tax policy, global accessibility, and business-friendly infrastructure. But let’s be honest, the paperwork and procedures? Not so friendly.

Highmark steps in to handle the messy part so you can focus on building your empire. They guide you through:

Choosing between mainland, free zone, or offshore setups.
Navigating business licenses (no more head-scratching over which one you actually need).
Handling all the legal and documentation formalities.
Opening bank accounts without the usual runaround.

Think of Highmark as your backstage crew making sure your grand launch in Dubai is nothing short of seamless.

Why Businesses Trust Highmark

You might be wondering—why not just Google everything and DIY the process? Sure, you could. But here’s the reality: Dubai’s business ecosystem moves fast, and rules change quicker than trending TikTok sounds. One missed update could cost you time, money, and credibility.

That’s why businesses in Dubai and across the UAE trust Highmark. Their reputation is built on:

Expertise with local laws – they stay ahead of every update, so you don’t have to.
Tailored strategies – no cookie-cutter solutions, only plans designed for your industry and goals.
Long-term support – because success isn’t just about starting strong, it’s about sustaining growth.

Highmark = Your Growth Partner

Here’s the bottom line: Highmark isn’t just an Accounting Audit Business Setup Firm in Dubai, UAE—they’re your growth partner. Whether you’re a startup founder testing waters, or an established company scaling operations, they provide the financial backbone and compliance muscle you need.

With Highmark, you don’t just tick boxes—you unlock opportunities. You don’t just survive audits—you leverage them to grow. And you don’t just set up a business—you launch a brand with confidence in one of the most competitive markets in the world.

Final Thoughts

Running a business in Dubai without expert financial and legal guidance is like trying to drive a Ferrari blindfolded—you might move fast, but the crash is inevitable. With Highmark by your side, you get the confidence, clarity, and control to build something sustainable.

So, if you’re searching for an Accounting Audit Business Setup Firm in Dubai, UAE, Highmark should be at the top of your list. They’re not just service providers; they’re the partners who make sure your journey in Dubai is profitable, stress-free, and future-proof.