Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes

[Epoch-Times-Bot]

Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes

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.
Year to date, the Nasdaq has lost nearly 32 percent, the S&P 500 has tumbled by more than 18 percent, and the DJIA has slumped by 9.2 percent.
Some of the biggest names on the New York Stock Exchange endured steep losses. Shares of Alphabet, Amazon, and Apple lost roughly 4 percent. Meta shed close to 6 percent, while Netflix plummeted by 8.6 percent. Bank shares also slumped, with Bank of America and JPMorgan Chase declining by 2 percent....

Source: Stocks Plunge as Recession Fears, Federal Reserve Dash Investor Hopes

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