WAM
25 Sep 2022, 06:30 GMT+10
NEW YORK, 24th September, 2022 (WAM) -- Wall Street's main indexes all tumbled to close well down on Friday, amid fears the U.S. Federal Reserve's hawkish rate policy will help tip the American economy into recession.
The Dow narrowly avoided ending more than 20% lower than its Jan. 4 record all-time closing peak of 36,799.64 points, meaning the blue-chip index did not attain a bear market label, according to a widely used definition, Reuters reported.
The S&P 500 and the Nasdaq are already in a bear market.
Get a daily dose of Japan Herald news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Japan Herald.
More InformationBEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...
BATHURST, NSW, Central West, Australia - A man who has been disqualified from holding a driver's license for the next ninety-two years...
MELBOURNE, Australia: An Australian warship rescued Lithuanian adventurer Aurimas Mockus this week after he became stranded in the...
SEOUL, South Korea: A U.S. aircraft carrier reached South Korea over the weekend, shortly after North Korea test-fired cruise missiles...
TOKYO, Japan: The number of babies born in Japan fell to a record low of 720,988 in 2024 for a ninth consecutive year, the health ministry...
(CN) - The Justice Department announced Wednesday indictments against a dozen Chinese nationals, claiming they worked to steal data...
BEIJING, China: China has set an economic growth target of around five percent for 2025, signaling efforts to stabilize the economy...
WASHINGTON, D.C.: Elon Musk's company SpaceX said this week that its Starlink satellite unit is not trying to take over any Federal...
SACRAMENTO, California: Starting July 1, California state employees will be required to work in person at least four days a week under...
FRANKFURT, Germany: Germany is set to loosen its strict debt limits in a historic shift that could unlock over 1 trillion euros ($1.08...
NEW YORK CITY, New York: TKO Group, the parent company of UFC and WWE, is launching a new boxing promotion in partnership with Saudi...
NEW YORK CITY, New York: The company that makes Reynolds Wrap aluminum foil is facing a lawsuit for allegedly misleading consumers...