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U.S. stocks slide as economic data fuel rate hike worries

Por: Los Angeles Times Business December 23, 2022

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Stocks closed broadly lower on Wall Street on Thursday as stronger-than-expected reports on the U.S. economy stoked worries about interest rates staying high. The Standard & Poor's 500 fell 1.4% after having been down as much as 2.9% earlier in the day. The pullback brings Wall Street’s main measure of health back to a loss of nearly 20% for the year. The Dow Jones industrial average fell 1%, and the Nasdaq composite closed 2.2% lower.... + full article



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