[Breaking] New York Stock Market Falls Below 30,000 on Dow Amid Recession Concerns... Nasdaq Down 4.08%

[Asia Economy New York=Special Correspondent Joselgina] The three major indices of the U.S. New York stock market all closed lower on the 16th (local time) as concerns over an economic recession grew due to the Federal Reserve's (Fed) aggressive tightening.

On this day in the New York stock market, the Dow Jones Industrial Average fell 2.41% from the previous close, dropping below the 30,000 mark. This is the first time it has fallen below 30,000 since January 2021.

The S&P 500, centered on large-cap stocks, closed down 3.24%, and the Nasdaq, focused on technology stocks, fell 4.08%.

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