U.S. stocks closed mostly lower Wednesday, with the S&P 500 falling a fifth straight day as investors continued fearing a recession could be triggered by the Federal Reserve's aggressive interest rate hikes as it fights high inflation. The Dow Jones Industrial Average DJIA, +0.
00% closed about flat, while the S&P 500 SPX, -0.19% fell 0.2% and the Nasdaq Composite COMP, -0.51% dropped 0.5%, preliminary data from FactSet show. The S&P 500 finished with its longest losing streak since October 12, according to Dow Jones Market Data. Of the S&P 500's 11 sectors, only healthcare, consumer staples and real estate finished with gains.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
The recession is caused by bad govt policy leading to inflation requiring the Fed to intervene. Let’s all be clear about that moving forward
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 books fourth straight day of losses as U.S. stocks close sharply lowerU.S. stocks ended sharply lower Tuesday as investors sought safe-haven assets amid recession concerns and increased market volatility. The Dow Jones Industrial Average dropped around 350 points to close 1% lower: 5th time’s the charm When’s this recession starting? lmao
Source: MarketWatch - 🏆 3. / 97 Read more »
Stock Market News Today: Dow Drops 400 Points, Nasdaq and S&P 500 DownThe Dow fell more than 500 points, extending this week's declines on worries about the outlook for interest rates DJ only 8% down on 2022 .. stills not pricing any kind of recession. There is waaay more to go, on the downside, unless a ton of inflation is priced in — and it does not appear to be a valid assumption. Good.
Source: WSJ - 🏆 98. / 63 Read more »
Bitcoin Underperforms S&P 500 as Stocks Have Overshot Fundamentals, Crypto Trading Firm QCP SaysAs some observers expect bitcoin to catch up with the recent rally in stocks, QCPCapital suggests otherwise, saying the S&P 500 has overshot fundamentals. By godbole17 QCPCapital godbole17 How young is Bitcoin?
Source: CoinDesk - 🏆 291. / 63 Read more »