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.
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
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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
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