Stocks on Wall Street cut some losses from earlier in the day but still closed in the red on Friday as fears of an impending recession continued to affect sentiment. Investors digested the latest PMI report from S&P Global which stated that the activity in the private sector is slowing down and that "recession risks are consequently mounting."
The worst performer was Moderna, whose shares plunged 6.74%.
The S&P 500 dropped 1.12%. Ford led the losses as its stock tumbled 7.06% after the carmaker hiked prices of its F-150 Lightning electric pickup truck.
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The worst performer was Moderna, whose shares plunged 6.74%.
The S&P 500 dropped 1.12%. Ford led the losses as its stock tumbled 7.06% after the carmaker hiked prices of its F-150 Lightning electric pickup truck.
ââââââââââââââââââââââââââââââ
ıllıllı ÊÖ ÉźÉÊÊÖ Ä±llıllı
đșđž Stocks on Wall Street cut some losses from earlier in the day but still closed in the red on Friday as fears of an impending recession continued to affect sentiment. Investors digested the latest PMI report from S&P Global which stated that the activity in the private sector is slowing down and that "recession risks are consequently mounting."
The worst performer was Moderna, whose shares plunged 6.74%.
The S&P 500 dropped 1.12%. Ford led the losses as its stock tumbled 7.06% after the carmaker hiked prices of its F-150 Lightning electric pickup truck.
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