Wall Street’s major stock indexes continued to lose, with continued recession fears due to central bank policies.
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Wall Street indices continue to fall under pressure from recession fears
Wall Street’s major stock indexes extended their losses on Friday.
Fears of a looming recession, sparked by the Federal Reserve’s ongoing battle with inflation, rattled investor sentiment.
The Dow Jones Industrial Average fell 35.76 points, or 0.11%, to open at 33,166.46 points.
The Standard & Poor’s 500 index started to fall 4.84 points, or 0.12%, to 3890.91 points, while the Nasdaq Composite Index lost 42.89 points, or 0.40%, to 10767.64 points.
And yesterday tooThe major Wall Street indices opened loweras the Federal Reserve has hinted at maintaining tight monetary policy for a longer period of time, which has limited hopes that the interest rate hike cycle will end anytime soon.
