U.S. stocks finish lower in first trading session of 2023 as recession fears persist

U.S. stocks finished lower Tuesday, booking losses on the first trading session of 2023 after wrapping up the worst year since 2008. The Dow Jones Industrial Average DJIA, -0.03% ended down less than 0.1%, while the S&P 500 SPX, -0.40% fell 0.4% and the technology-heavy Nasdaq Composite COMP, -0.76% slid 0.8%, according to preliminary data from FactSet.

In economic data released Tuesday, the S&P Global U.S. Manufacturing Purchasing Managers' Index suggested factory activity in December contracted for a second straight month. International Monetary Fund chief Kristalina Georgieva warned in an interview on the CBS Sunday morning news program"Face the Nation" that 2023 was going to be tougher on the global economy than 2022.

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Jim Cramer's Investing Club meeting Tuesday: 2023 mantra, infrastructure stocks, AppleInvesting Club: 3 investing lessons from the Club’s meeting Tuesday: 2023 mantra, infrastructure stocks, Apple How can anyone with half a brain buy into this investment club? jimcramer literally destroyed people who followed his calls last year. He’s gotta be down 50% easy Majority of his recommendations were calamitous, which caused many people their life savings. It’s common sense not to believe anyone who looks at a stock for a few seconds and tells you to “buy, buy, buy”, or “sell, sell, sell”
Source: CNBC - 🏆 12. / 72 Read more »