• US futures rebound after Dow plunges below 30,000 as central banks spark recession fears

    18 days ago - By Business Insider

    Omicron has brought volatility to Wall Street. John Moore/Getty Images
    US futures rebounded Friday after a sharp sell-off on Wall Street saw the Dow plunge below 30,000.
    Interest rate hikes from three major central banks this week have added to fears that a recession may be looming.
    Asian stocks followed Wall Street lower overnight, while oil prices and the dollar rose.
    US futures rallied Friday after a brutal sell-off the day before sent the Dow Jones below 30,000 for the first time early 2021, as central banks' rate hikes sparked fears about a global recession. Dow Jones futures were up...
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  • Asian stocks follow Wall St lower on economy fears

    18 days ago - By Chron

    BEIJING - Asian stock markets followed Wall Street lower Friday on fears global economic activity will be depressed by interest rate hikes to cool inflation.
    Shanghai, Tokyo and Sydney fell while Hong Kong advanced. Oil prices edged lower but stayed above $115 per barrel.
    Wall Street's benchmark S&P 500 index tumbled 3.3% on Thursday after Britain's central bank followed the Federal Reserve in raising its key interest rate to cool surging prices. Central banks in Switzerland and Taiwan also raised rates.
    Investors worry the moves to control inflation that is running at four-decade highs...
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