Stocks face headwinds as recession warnings mount

  • Stocks face headwinds as recession warnings mount

    U.S. stocks lacked momentum in early trading as recession warnings mount amid more reports of looming layoffs and hiring freezes. Over the last five days, the Dow has shed 3.29%, the S&P 4.29%, while the tech-heavy Nasdaq lost 5.28%. In commodities, oil stabilized at the $74 per barrel level after dropping to the lowest price since December 2021.

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