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The Guardian - US
The Guardian - US
Business
Dominic Rushe in New York

US stock markets fall sharply as investors worry about recession

United States Recession Inflation Nasdaq Target
Traders work on the floor during the opening bell of the New York Stock Exchange on 16 May.
Traders work on the floor during the opening bell of the New York Stock Exchange on 16 May. Photograph: Timothy A Clary/AFP/Getty Images

The wild ride on the US stock markets continued on Wednesday with the Dow Jones Industrial Average sinking more than 1,100 points as investors worried about a looming recession.

All of the major US markets fell sharply, with the S&P closing down 4%, its largest fall since June 2020, and the tech-heavy Nasdaq losing 4.7%.

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