Home > Article
VOL. 46 | NO. 48 | Friday, December 2, 2022
Stocks fall again on Wall Street, extending recent losses
The Associated Press
Stocks fell again on Wall Street, extending the markets recent string of losses.
Investors are worried that the Federal Reserve will need to keep applying the brakes to the economy in order to get inflation under control, raising the risk of a sharp recession.
The S&P 500 fell 1.4% Tuesday, its fourth straight loss. The tech-heavy Nasdaq gave back even more, 2%, and the Dow Jones Industrial Average lost 1%.
Crude oil prices fell. Bond yields fell.
The yield on the 10-year Treasury, which helps set mortgage rate, fell to 3.52%.