US stocks fall sharply on fears of a rising recession | Economy

US stocks fall sharply on fears of a rising recession |  Economy

The S&P 500 index suffered its sixth decline in seven sessions. Stocks rose on Wednesday, with the Fed giving an aggressive 75 basis point rally to help the index break its longest streak of daily losses since early January.

The Dow Jones Industrial Average fell 741.46 points, or 2.42%, to 29,927.07, the S&P 500 fell 123.22 points, or 3.25%, to 3,666.77 and the Nasdaq Composite fell 453.06 points, or 4.08%, to 10,646.10.

In Europe, equities fell to their lowest level in 16 months on Thursday, after tougher policies in Britain and Switzerland raised fresh concerns about the impact of inflation on the global economy. The STOXX 600 index is down 2.5% to its lowest level since February 2021.

The UK’s blue-chip FTSE 100 fell 3.1% after the Bank of England raised interest rates by a quarter-percentage, as expected, but said it would eliminate the dangers posed by an inflation rate above 11″ Persevere” was ready to act. ,

Brent crude futures closed at $119.81 per barrel, up $1.30, or 1.1%, while US West Texas Intermediate (WTI) crude futures closed at $2.27., or 2%, at $117.58 per barrel.

In Brazil, Ibovespa was closed this Thursday.

Central banks of more than 40 countries have raised interest rates this year

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