Dow plunges low to 2022 on fear of recession in global markets

BEIJING — Shares fell sharply worldwide on Friday on concerns that an already slowing global economy could slide into recession as central banks ramp up pressure with additional rate hikes. The Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P500 fell 1.7%, close to the mid-June 2022 low, … Read more

Asian stocks trail Wall Street lower after US jobs report

BEIJING — Asian stock markets fell largely on Monday after Wall Street ended lower last week and China tightened antivirus controls. Tokyo, Hong Kong and South Korea fell. Shanghai won. The price of oil rose by $2 a barrel, while the euro was lower. The Wall Street S BenchmarkThe &P 500 index ended Friday, after … Read more

Futures up as Wall Street attempts a 3-day losing streak

NEW YORK — Wall Street pointed to small gains before the opening bell on Wednesday as markets tried to break a three-day sell-off, spurred by comments last week from Federal Reserve officials suggesting more rate hikes were likely. Futures for the benchmark S&P500 gained 0.4% and futures for the Dow Industrials were up 0.2% for … Read more

Stocks plunge sharply as Target’s woes fuel inflation fears

NEW YORK — Stocks closed sharply lower on Wall Street on Wednesday, after Target’s dismal results renewed fears that inflation is plaguing US businesses. The S&P 500, the benchmark for many index funds, fell 4%. Target lost a quarter of its value and dragged other retailers down after it said profits had fallen by half … Read more

Wall Street slumps and erases a big rally from the day before

NEW YORK — Stocks slump on Wall Street, wiping out a rally from the day before, as markets assess the looming consequences of the Federal Reserve’s intensified fight against inflation. On Wednesday, the Fed raised its benchmark rate by half a percentage point as part of an effort to curb consumer lending and push inflation … Read more