Dow Jones tumbles over 400 points
2022-09-23 14:23PM UTC

US stock indices lost ground on Friday on track for weekly losses amid concerns about a global recession.


The concerns come on the heels of aggressive policy tightening this week by the Federal Reserve and other global central banks to control runaway inflation. 


Such decisions raise worries about a global recession, which will impact demand on commodities and services, as well spending patterns. 


Earlier data showed US services PMI rose to 49.2 in September from 43.7 in the previous reading, beating estimates of 45.5. 


The manufacturing PMI rose as well to 51.8 from 51.5, while analysts expected a dip to 51.0.


Dow Jones fell 1.4%, or 418 points to 29,659, while S&P 500 declined 1.7%, or 54 points to 3,692, as NASDAQ gave up 1.8%, or 217 points to 10,845. 

American Markets News

Americas News


Wall Street opens March higher
2024-03-01 15:34PM UTC
US stock indices rose on Friday, with NASDAQ heading for a new record high following strong gains ...
Americas News


Most US stock indices gain ground after inflation data
2024-02-29 17:40PM UTC
Most US stock indices rose on Thursday following US data that showed inflation has slowed ...
Americas News


Wall Street declines ahead of inflation data
2024-02-27 18:19PM UTC
US stock indices declined on Tuesday ahead of crucial US inflation data this week, important for ...