Stock selloff deepens as equities head for weekly losses

  • Stock selloff deepens as equities head for weekly losses

    U.S. stocks fell sharply on Friday following the Dow Jones Industrial Average's 764 point drop Thursday as recession fears continue to roil investors. For the week all three of the major averages are set to decline at least 1% as the Federal Reserve committed to taking interest rates above 5% in 2023. In commodities, oil dropped over 3% to the $73 per barrel level.

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