US stocks end lower on mixed economic data, recession fears - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Wall Street’s main indexes closed lower on Wednesday, as investors grappled with mixed economic data, rising COVID cases in China, and geopolitical tensions heading into 2023.

Image: Reuters

The S&P 500 index has posted only 18 Decembers with losses since 1950, Truist Advisory Services data show. The benchmark S&P 500 is down 20% year-to-date, on track for its biggest annual loss since the financial crisis of 2008.

 

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