NEW YORK (AP) — Stocks fell in morning trading on Wall Street Tuesday as global fears about a looming recession were stoked by dour forecast from the International Monetary Fund. The S&P 500 fell 1% as of 10:16 a.m.
FILE - The New York Stock Exchange on June 29, 2022, in New York. NEW YORK — Stocks fell in morning trading on Wall Street Tuesday as global fears about a looming recession were stoked by dour forecast from the International Monetary Fund.
The S&P 500 fell 1% as of 10:16 a.m. Eastern. The Dow Jones Industrial Average fell 57 points, or 0.2%, to 29,143 and the Nasdaq fell 1.4%. Technology stocks were the biggest weights on the market. Chipmakers continued slipping in the wake of the U.S. government’s decision toUber fell 12.7% and Lyft slumped 12.6% after the Department of Labor published a proposal on how workers should be classified, which couldHousehold good makers and utilities held up better than the rest of the market as investors shifted more money into the sectors, which are considered less risky.
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