• Global markets fall sharply on worries about rates, economy

    5 days ago - By Chron

    Stocks tumbled worldwide Friday on more signs the global economy is weakening, just as central banks raise the pressure even more with additional interest rate hikes.
    The S&P 500 fell 2% in afternoon trading, adding a dismal cap on what's already been a rough week. It's close to its low point of the year in mid-June.
    European stocks fell just as sharply or more after preliminary data there suggested business activity had its worst monthly contraction since the start of 2021. Adding to the pressure was a new plan announced in London to cut taxes, which sent U.K. yields soaring because it...
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  • Global Markets Fall on Worries About Inflation and Interest Rates

    5 days ago - By NY Times

    The S&P 500 fell 2 percent, putting the index on track for a second consecutive weekly decline, and the yield on the 10-year Treasury note, a benchmark for borrowing costs, rose slightly.
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