US stocks stretch losing streak as China trade slump underscores recession fears

Dec 7 2022 by Business Insider

 

(Photo by Scott Heins/Getty Images)

US stocks fell Wednesday and were on track to extend a run of losses.  A slump in Chinese trade in November highlighted global recession worries.  The S&P 500 was on course for a fifth straight decline. 

US stocks were mostly lower on Wednesday, on track to extend a string of losses as dismal Chinese trade data highlight ongoing worries over the global economy sliding into a recession.  

The S&P 500 was on course for a fifth consecutive losing session...

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