Wall Street falls as recession fears mount

Published by
Reuters

By Amruta Khandekar (Reuters) – Wall Street’s main indexes fell on Tuesday, with investors fretting about the possibility of a recession as central banks across the world take aggressive actions to stem a surge in inflation. U.S. stocks have been under relentless selling pressure this year, with the benchmark S&P 500 index recording its steepest first-half percentage drop since 1970, as the Federal Reserve moves away from easy-money policy by raising borrowing costs. Investors are now waiting for minutes from the Fed’s meeting in June on Wednesday as they brace for another 75 basis point hike …

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