Stock Market Today: Wall Street Sinks as Stocks Tumble Worldwide

Stock Market Today: Wall Street Sinks as Stocks Tumble Worldwide
The New York Stock Exchange in New York on June 14, 2022. Seth Wenig/AP Photo
The Associated Press
Updated:

NEW YORK—Wall Street fell again Wednesday as stocks tumbled worldwide on worries about the economy.

The S&P 500 dropped 0.7 percent after House Speaker Kevin McCarthy said Republicans and Democrats remain “far apart” in their efforts to prevent a potentially disastrous default on the U.S. government’s debt. The main U.S. stock index is on track for its worst week in more than two months as the once-unthinkable creeps closer to possibility.