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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.

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  • 81% of the sources are Center
81% Center
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CNBC broke the news in United States on Thursday, September 22, 2022.
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