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Wall St extends losses as recession fears weigh


Wall Street’s main stock indexes extended losses on Friday as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against inflation, hammered sentiment.

The Dow Jones Industrial Average (.DJI) fell 35.76 points, or 0.11%, at the open to 33,166.46. The S&P 500 (.SPX) opened lower by 4.84 points, or 0.12%, at 3,890.91, while the Nasdaq Composite (.IXIC) dropped 42.89 points, or 0.40%, to 10,767.64 at the opening bell.

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Morning sunlight falls on the facade of the New York Stock Exchange (NYSE) building in Manhattan in New York City, New York, U.S., January 28, 2021. REUTERS/Mike Segar/File Photo

A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. REUTERS/Andrew Kelly