Here's Why Lemonade Stock Is Falling on Tuesday

·2 min read
Here's Why Lemonade Stock Is Falling on Tuesday

The stock market was under serious pressure on Tuesday morning, with all three major averages in the red at 11:30 a.m. ET. Rather, it appears to be fueled by general market weakness and interest rate fears. Specifically, the major catalyst that caused the market to move sharply lower midmorning was commentary by Federal Reserve Chairman Jerome Powell, who indicated that the Fed will consider speeding up its bond-purchase tapering when the policy committee meets in December.

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