{"id":36887,"date":"2022-06-17T22:03:04","date_gmt":"2022-06-17T22:03:04","guid":{"rendered":"https:\/\/tahrir2day.com\/news\/2022\/06\/17\/u-s-stocks-meander-after-sharp-drop-on-economic-concerns\/"},"modified":"2022-06-17T22:03:04","modified_gmt":"2022-06-17T22:03:04","slug":"u-s-stocks-meander-after-sharp-drop-on-economic-concerns","status":"publish","type":"post","link":"https:\/\/tahrir2day.com\/news\/2022\/06\/17\/u-s-stocks-meander-after-sharp-drop-on-economic-concerns\/","title":{"rendered":"U.S. stocks meander after sharp drop on economic concerns"},"content":{"rendered":"
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U.S. stocks skyrocketed on Friday, ending a mixed week of punishment later falling the day before<\/span> for fears that economic activity would be reduced by rising interest rates to cool inflation.<\/p>\n

After turning around on Thursday, the benchmark index fell in the afternoon, with the Dow Jones Industrial Average falling 38 points, or 0.1%, to close at 28,889. The S&P 500 was up 8 points, or 0.2%, and the Nasdaq Composite, with a lot of technology, gained 152 points, or 1.4%. <\/p>\n

The S&P 500 index lost 3.3% on Thursday and other major benchmarks also plunged after the British central bank continued The Federal Reserve raises its key rate<\/span>. The central banks of Switzerland and Taiwan also raised rates.<\/p>\n

Investors fear that measures to control inflation that have been in place for up to four decades could plunge the United States and other major economies into recession.<\/p>\n

\u201cPain is inflicted almost everywhere and sharing doesn\u2019t improve it in any way,\u201d Tan Boon Heng of Mizuho Bank said in a report.<\/p>\n

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