Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes

Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes
Traders work on the trading floor at the New York Stock Exchange in New York City, on Sept. 13, 2022. Andrew Kelly/Reuters
Andrew Moran
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The U.S. stock market suffered one of its worst days of 2022 as the leading benchmark indexes fell sharply on Dec. 15, dashing hopes for a year-end Santa Claus rally.

Investors engaged in a broad-based selloff toward the end of the trading week. The Dow Jones Industrial Average (DJIA) ended 764 points lower on Dec. 15. The tech-heavy Nasdaq Composite Index plunged by 3.2 percent, while the S&P 500 Index lost nearly 2.5 percent.

Andrew Moran
Andrew Moran
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Andrew Moran has been writing about business, economics, and finance for more than a decade. He is the author of "The War on Cash."
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