⚠️BREAKING: *WALL STREET OPENS LOWER, EXTENDING FRIDAY'S ON RATE WORRIES - 🇺🇸 🇺🇸
© Reuters. FILE PHOTO: Traders work on the floor of the New York Stock Exchange in New York City, U.S., August 22, 2022. REUTERS/Brendan McDermidNEW YORK - U.S. stock indexes dipped on Monday, adding to last week's sharp losses, as concerns remained about the Federal Reserve's aggressive interest rate increases to fight inflation even if they result in an economic slowdown.
While the S&P 500 was on track for its biggest two-day percentage decline in 2-1/2 months, the benchmark index recovered from its worst levels of the day that saw it fall about 1% to a fresh one-month low. "I don’t think his speech was the end of the world either, maybe we’re kissing and making up with the Fed."
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