09/29/2022

Wall Street Ends Down Sharply

Investors fret over economy

Wall Street ended sharply lower on Thursday on worries that the Federal Reserve's aggressive fight against inflation could hobble the U.S. economy, and as investors fretted about a rout in global currency and debt markets.

With tech-related heavyweights Tesla, Apple and Nvidia all slumping, the Nasdaq sank to near its lowest level of 2022, set in mid-June.

The S&P 500 touched lows last seen in November 2020. Down more than 8 percent in September, the benchmark is on track for its worst September since 2008.

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