The Dow Jones Industrial Average fell 1%, over 300 points, while the S&P 500 lost 0.8% and the tech-heavy Nasdaq Composite 0.2%.
on Wednesday as disappointing quarterly results from major retailers sparked fears about inflation causing an economic slowdown. Shares of Kohl’s fell up to 5% before paring back losses after it became the latest retailer to post disappointing quarterly results, similarly citing inflationary pressures and adding to reinvigorated fears that American consumers are feeling the impact of surging prices.
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Stocks tumble on recession fears, with the S&P 500 nearing a bear marketHigh inflation, rising interest rates and disappointing corporate earnings are souring Wall Street's outlook. This is what you get for keeping Quantitative Easing for way too long. Interest rates should have been boosted *long* ago. If we had kept QE any longer, we would've met the same fate that Japan and Turkey are now facing--a currency crash. 💴🔥 So we just sent $40 billion to Ukraine.. Hmm BIDEN 2024 !
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