The main stock indices on Wall Street continued their losses, with continued fears of recession due to the central bank’s policies.
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Wall Street indices continue to decline under the pressure of recession fears
The main stock indices on Wall Street extended their losses today, Friday.
Fears of a looming recession, sparked by the Federal Reserve’s ongoing battle with inflation, rattled investor sentiment.
The Dow Jones Industrial Average fell 35.76 points, or 0.11%, at the opening, to 33,166.46 points.
The Standard & Poor’s 500 index started trading down 4.84 points, or 0.12%, at 3890.91 points, while the Nasdaq Composite Index lost 42.89 points, or 0.40%, to 10767.64 points.
And yesterday as wellThe main indices on Wall Street opened loweras the Federal Reserve hinted at sticking to tightening monetary policy for a longer period of time, which limited hopes that the cycle of raising interest rates would end soon.