Stocks fell sharply on Friday amid global interest rate hikes and persistent inflation. See potential bias and similarities in coverage from CNBC, dcexaminer and CNNBusiness: DowJones Economy
strategists cut their 2022 expectations for the S&P 500 by 16% Thursday evening. The S&P 500 and the Nasdaq Composite each fell over 2% Friday morning. Europe’s Stoxx 600 index — which includes major European brands like AstraZeneca, Nestlé and Volkswagen — fell into
territory. Additionally, Australia’s S&P/ASX 200 index fell 1.87%, South Korea’s KOSPI fell 1.81%, and China’s Shanghai Composite fell 0.66%. particularly in business-focused outlets. Coverage generally agreed that investor anxiety over recent economic shifts was the cause, with varying degrees of blame placed on