Stocks Fall Broadly on Wall Street as Inflation Worries Grow

Stocks Fall Broadly on Wall Street as Inflation Worries Grow
Traders work on the floor of the New York Stock Exchange during afternoon trading in New York on Oct. 13, 2022. Michael M. Santiago/Getty Images
The Associated Press
Updated:

More worries about inflation helped spur a broad slide for stocks Friday that left most of the major indexes on Wall Street in the red for the week and wiped out much of the market’s gains from a strong rally a day earlier.

A report showing U.S. consumers raised their expectations for future inflation hurt markets worldwide, offering another signal the Federal Reserve may have to continue aggressively hiking interest rates to temper stubbornly hot inflation. The strategy raises the risk of a recession.