The New York stock market opened lower this Friday, convinced that the rate increase policy of the Federal Reserve it will drive the United States into a recession.
Half an hour after the open, the Dow Jones lost 1.06%, the technology-based Nasdaq 0.61% and the S&P 500 1.08%.
On Thursday, Wall Street fell sharply on recession fears after several central banks raised their benchmark rates in the hours before.
The Dow Jones index lost 2.25% to 33,202.22 points, the technology-based Nasdaq a strong 3.23% to 10,810.53, and the broader S&P 500 index lost 2.49% to 3,895.83 points.
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