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U.S. equity gauges slide amid inflation and recession fears
Stocks fell broadly on Tuesday as the Conference Board reported a drop in consumer confidence to a year plus low, fueling concerns that high inflation and elevated interest rates could push the economy into recession. The S&P 500, Dow, and Nasdaq all declined with tech, communications, and health care leading losses, while energy rose on higher oil prices. Officials including Powell and Lagarde prepare midweek remarks as central banks weigh further rate hikes and the ECB signals gradual action to curb inflation.
MENTIONED IN THIS ARTICLE
Wall Street
U.S
Conference Board
Chris Zaccarelli
Independent Advisor Alliance
Fed
S&p
Dow
China
Russia
Ukraine
Sam Stovall
CFRA
Jerome Powell
European Central Bank
Christine Lagarde
Commerce Department
Lagarde