NEWS: -- Financial markets tanking
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comments and news from net, Posted in Business Economics
Markets sold off around the world on mounting signs the global economy is weakening just as central banks raise the pressure even more with additional hikes to interest rates. The Dow Jones Industrial Average closed at its lowest point of the year Friday.
The S&P 500 fell 1.72%, close to its 2022 low, to end at 3,693.23. The Dow Jones Industrial Average, which had been in bear market territory for much of the day, shed 1.62%, or 447 points, for a 29,590.14 close. Nasdaq lost 1.80% and ended at 10,867.93.
Energy prices also closed sharply lower as traders worried about a possible recession. Treasury yields, which affect rates on mortgages and other kinds of loans, held at multiyear highs.
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https://www.activistpost.com/2022/09/they-know-that-they-are-killing-the-economy-but-they-are-doing-it-anyway.html