Dow drops nearly 500 points to close at new low for 2022 on rising recession fears

Summary by Ground News

The Dow Jones Industrial Average closed at its lowest point of the year Friday. The S&P 500 fell 1.7%, close to its 2022 low. Energy prices also closed sharply lower as traders worried about a possible recession. U.K. government bond yields snapped higher after that country's new government announced a sweeping plan of tax cuts.

Published 6 months ago · New York, United States

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Reuters

Dow drops but narrowly avoids confirming bear market status

The blue-chip Dow Jones Industrial Average tumbled to its lowest level since November 2020 on Friday, but narrowly missed ending more than 20% below its Jan. 4 closing record high.

6 months ago·United Kingdom

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CNN

Dow plunges to its lowest level since 2020 to end another dismal week

US stocks fell sharply in Friday trading as investors continued to worry about even more rate hikes from the Federal Reserve that could land the US economy in a recession.

6 months ago·Atlanta, United States

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Washington Times

Dow hits 2022 low as markets sell off on recession fears

Stocks tumbled worldwide Friday on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional interest rate hikes.

6 months ago·Washington, United States

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Sydney Morning Herald

Dow sinks to 2022 low as recession fears roil world markets

Stocks have fallen sharply worldwide on worries an already slowing global economy could fall into recession as central banks raise the pressure with additional interest rate hikes.

6 months ago·Sydney, Australia

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The Washington Post

Stock market continues long tumble as economic outlook sours

The Federal Reserve’s fight against inflation promises to slow the economy, and Wall Street is roiled.

6 months ago·Washington, United States

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CNBC

Dow drops nearly 500 points to close at new low for 2022

Stocks tumbled on Friday to cap a brutal week for financial markets as surging interest rates and foreign currency turmoil heightened fears of a global

6 months ago·United States

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