Published 1 year ago

Stocks tumble sharply on Wall Street amid worries about rates, economy

Summary by Ground News

The S&P 500 falls 2.2% in early afternoon trading. The Dow Jones Industrial Average is nearly 20% below its record set early this year. The Federal Reserve and other central banks hiked interest rates this week. But such moves also put the brakes on their economies, threatening recessions.

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abc 6 Philadelphia

Stocks tumble sharply on Wall Street amid worries about rates, economy

Stocks tumbled broadly on Wall Street, keeping major indexes on track for another deep weekly slump.

1 year ago·Philadelphia, United States

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abc 13 Houston

Stocks tumble sharply on Wall Street amid worries about rates, economy

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

1 year ago·Houston, United States

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abc 7 Chicago

Stocks tumble sharply on Wall Street amid worries about rates, economy

Stocks tumbled broadly on Wall Street, keeping major indexes on track for another deep weekly slump.

1 year ago·Chicago, United States

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WPLG

Global markets fall sharply on worries about rates, economy

Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.The S&P 500 fell 1.7% after a preliminary report suggested U.S. business activity is still shrinking, though not quite as badly as in earlier months.European stocks fell even more after preliminary data there suggested the worst monthly contraction since the start of 2021.The Federa…

1 year ago·Miami, United States

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abc 7 LA

Stocks tumble sharply on Wall Street amid worries about rates, economy

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

1 year ago·Los Angeles, United States

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Boston Herald

Global markets fall sharply on worries about rates, economy

By DAMIAN J. TROISEStocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.The S&P 500 fell 2.3% in early afternoon trading, adding a dismal cap on what’s already been a rough week. It’s almost all the way back to its lowest point of the year, reached in mid-June, as Wall Street remains mired in its bear market. The Dow Jones Industrial …

1 year ago·Boston, United States

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