News > S&P 500 closes the book on its steepest first-half slide since 1970

S&P 500 closes the book on its steepest first-half slide since 1970

Business Standard | 01/07/2022 12:15 PM | Click to read full article

US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth.

Fears over slowing growth and surging prices have rippled through markets, with recession worries taking center stage as monetary policymakers across the world look to aggressively raise borrowing costs.