Wall Street Extends Losses as Recession Fears Weigh

Wall Street Extends Losses as Recession Fears Weigh
The Wall Street entrance to the New York Stock Exchange (NYSE) is seen in New York on Nov. 15, 2022. (Brendan McDermid/Reuters)
Reuters
12/16/2022
Updated:
12/16/2022

Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against inflation, hammered sentiment.

The Dow Jones Industrial Average fell 35.76 points, or 0.11 percent, at the open to 33,166.46. The S&P 500 opened lower by 4.84 points, or 0.12 percent, at 3,890.91, while the Nasdaq Composite dropped 42.89 points, or 0.40 percent, to 10,767.64 at the opening bell.