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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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Bias Distribution

  • 58% of the sources are Center
58% Center
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AJC broke the news in Atlanta, United States on Friday, September 23, 2022.
Sources are mostly out of (0)