Dow drops nearly 500 points to close at new low for 2022 on rising recession fears
Summary by Ground NewsThe 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
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, AustraliaRead Full Article
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