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Brian Kilmeade

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On Air Now

Brian Kilmeade

Weekdays 10AM-Noon
brian-kilmeade-2

On Air Now

Brian Kilmeade
Weekdays 10AM-Noon
logo-1071-talkradio-png-2
brian-kilmeade-2

On Air Now

Brian Kilmeade
Weekdays 10AM-Noon

US Stocks Slip Deeper into a Slump as Recession Fears Grow

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Wall Street Bull statue in New York's Financial District . (Photo by Erik McGregor/Sipa USA)

NEW YORK (AP) — Stocks fell on Wall Street and put major indexes deeper into a slump as recession fears grow.

The S&P 500 fell 0.8% in afternoon trading Monday. The Dow Jones Industrial Average and the Nasdaq also fell.

The losses were broad and included banks, health care companies and retailers. The British pound slumped to an all-time low against the dollar and investors continued to dump British government bonds in displeasure over a sweeping tax cut plan announced in London last week.

Treasury yields continued to rise as the Federal Reserve and other global central banks step up their fight against inflation.

—Copyright 2022 Associated Press. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.

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