S&P 500 sees 5th straight decline as recession fears weigh on US stocks

Dec 7 2022 by Business Insider

 
Traders work on the New York Stock Exchange floor in New York City.

AP Photo/Ted Shaffrey

The S&P 500 notched its fifth consecutive losing session, and the Nasdaq Composite marked a fourth straight loss. Major banks are sounding the alarm on recession worries and potentially sharp losses in 2023.  A slump in Chinese trade in November underscored global recession fears. 

US stocks largely finished in the red Wednesday, ending a topsy-turvy session amid worries that the US and economies...

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