[Breaking] New York Stocks Close Lower Amid Tightening-Induced Recession Fears... Nasdaq Down 1.37%
[Asia Economy New York=Special Correspondent Joselgina] Major indices of the U.S. New York stock market closed lower simultaneously on the 22nd (local time) as they digested simultaneous interest rate hikes by the Federal Reserve (Fed) and other major central banks.
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On this day in the New York stock market, the Dow Jones Industrial Average fell 0.36% compared to the previous session. The S&P 500 index, centered on large-cap stocks, dropped 0.85%. The Nasdaq index, focused on interest rate-sensitive technology stocks, closed down 1.37%.
This content was produced with the assistance of AI translation services.
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