All three major US stock indexes pared their losses in afternoon trading, with the blue-chip Dow turning positive.All three major US stock indexes pared their losses in afternoon trading, with the blue-chip Dow turning positive.
Even so, the S&P 500 settled within percentage points of confirming it has been in a bear market since reaching its all-time high on January 3. Much of the sell-off was driven by a profit warning from Snap Inc, which sent the company’s shares plummeting and sparking contagion throughout the social media segment.
The US Federal Reserve has vowed to aggressively tackle persistent price growth by hiking the cost of borrowing, and minutes from its most recent monetary policy meeting, expected on Wednesday, will be parsed by market participants for clues regarding the speed and extent of those actions. Data released on Tuesday painted a picture of waning economic momentum, with new home sales plunging and business activity decelerating.
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US stocks end lower as weak economic data stoke recession fearsS&P 500 and the Nasdaq end lower on fears of slowing growth Great news indeed If you need a gardner, handyman or cleaner, please consider me 🙏. I'm even willing to be a servant boy doing any odd jobs 🙏. Just as long as I feed my family. My children slept hungry for the second night in a row💔
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