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Date 20 Jan. ’23 The New York stock market closed on Thursday, Jan. 19, 2023, as investors worried that strong US labor data would push the Federal Reserve (Fed) to raise interest rates more aggressively. This will result in an economic risk of recession.
The Dow Jones Industrial Average closed at 33,044.56 points, down 252.40 points or -0.76%, the S&P 500 index closed at 3,898.85 points, down 30.01 points or -0.76%, and the Nasdaq Index closed at 10,852.27 points, down 104.74 points or -0.96%.
