Wall Street crashes on recession fears ...News

News by : (Russia Today) -
The stock market selloff has continued amid signs of a slowing US economy US stocks extended their slide on Thursday as investors raised concerns that the economy might be headed for a recession.  The Benchmark S&P 500 index was down 1% after trading opened, while the Dow Jones Industrial Average declined 0.8%, and the tech-heavy Nasdaq sank 1.3%, as of 16:30 GMT. Analysts say that every major index is on track for a weekly loss after the heavy selloff on Wednesday when investor sentiment was hit by softer than expected retail sales data and a sharp decline in industrial production. On Thursday, there were more si

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