Wall Street closes sharply lower on Thursday as recession fears grow
Fri, Jun 17, 2022 7:47 AM

Wall Street closes sharply lower on Thursday as recession fears grow

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U.S. stock indexes plunged considerably at closing hours on Thursday in a broad sell-off. This was noticed as recession fears grew after Federal Reserve's largest rate hike since 1994. The Dow Jones Industrial Average declined 741.46 points, or 2.42%, to 29,927.07, the Nasdaq Composite tanked 453.06 points, or 4.08%, to 10,646.10 and the S&P 500 plunged 123.22 points, or 3.25%, to 3,666.77.

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