US: Wall St extends losses as recession fears weigh

WALL Street’s main stock indexes extended losses on Friday (Dec 16) as fears of a looming recession, sparked by the Federal Reserve’s relentless battle against inflation, hammered sentiment.

The Dow Jones Industrial Average fell 35.76 points, or 0.11 per cent, at the open to 33,166.46.

The S&P 500 opened lower by 4.84 points, or 0.12 per cent, at 3,890.91, while the Nasdaq Composite dropped 42.89 points, or 0.40 per cent, to 10,767.64 at the opening bell. REUTERS