Wall Street stocks fall and record worst first six months since 1970 amid recession fears and Federal Reserve's bid to curb inflation.
US stock indices pulled back at the opening bell while Snap, the parent of social media app Snapchat, saw its share price slump 36 percent as trading began on Wall Street.
Eight of the 11 major S&P sectors advanced in early trading, with energy SPNY and financials SPSY up 1.7 percent and 1.3 percent, respectively.
Stocks surge on Wall Street, sending Dow Jones up more than 2,100 points – biggest-ever point gain since 1933 – as Congress nears a deal to mitigate damage from coronavirus outbreak.
Investors rode out another turbulent day on Wall Street that kept stock indexes flipping between gains and losses until a late-day bounce gave the market a modest gain.
Stocks plummeted amid worsening economic fears after US Treasury yields briefly flashed a warning sign for a coming recession.
Asia markets closed lower and the euro sank to a 10-month low against the US dollar as political turmoil in Italy left investors concerned over its implications in the eurozone.
Two days of steep losses erase market's gains from the start of the year, ending a period of record-setting calm for stocks.
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