Newstrail.com

Wall Street falls as recession worries persist

Published by
Reuters

By Sruthi Shankar and Johann M Cherian (Reuters) – U.S. stock indexes fell on Monday, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve’s monetary policy tightening campaign could push the U.S. economy into a recession. The main U.S. benchmarks have sold off sharply in December, putting them on course for their worst annual declines since the 2008 financial crisis, after mixed economic data and the Fed’s hawkish stance fueled worries of a recession. Market heavyweights such as Apple Inc, Microsoft Corp and Amazon.com Inc fell more than 1% on Mond…

Read More