One of the broadest stock market indexes, the S&P 500, entered a bear market during Friday's trading. That means it had fallen a stunning 20% from a recent high in January.
Stocks have been whipsawed in recent weeks and months because of worries about high inflation and rising rates. Fears that these forces might tip the country into a recession have also picked up. Among Friday's biggest stock market losers was the Deere, which is one of the largest tractor makers in the world. The company said it is paying more for materials and continues to face a shortage of parts. Deere shares fell 15%.
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