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US Stocks Slide as Economic Data Stokes Rate Hike Worries

by The Epoch Times
December 23, 2022
in Business
US Stocks Slide as Economic Data Stokes Rate Hike Worries

Traders work on the floor of the New York Stock Exchange (NYSE) in New York on Dec. 15, 2022. (Spencer Platt/Getty Images) NEW YORK—Stocks closed broadly lower on Wall Street Thursday as stronger-than-expected reports on the U.S. economy stoked worries about interest rates staying high.

The S&P 500 fell 1.4 percent after having been down as much as 2.9 percent earlier in the day. The pullback brings Wall Street’s main measure of health back to a loss of nearly 20 percent for the year. The Dow Jones Industrial Average fell 1 percent and the Nasdaq closed 2.2 percent lower.

The selling […]

Read the rest of this story here: www.theepochtimes.com

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