Market Snapshot: Dow skids nearly 900 points, stocks hit session lows in afternoon trade

by | Dec 15, 2022 | Stock Market

The Dow Jones Industrial Average tumbled over 900 points on Thursday afternoon, putting U.S. stocks on track for their worst day in three months, as investors continued to digest tough talk from the Federal Reserve on inflation that revived concerns about a potential U.S. recession. What’s happening Stocks posted moderate losses Wednesday after the Federal Reserve delivered a half-point rate hike and signaled that rates would likely peak above 5% in 2023. What’s driving markets Stocks…

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