Dow Dives as Recession Fears Mount, Euro Slumps

Posted on AllSides July 5th, 2022
From The Left
(JULIA NIKHINSON/AP)

Markets entered the second half of the year Tuesday with an opening sell-off that saw the Dow Jones Industrial Average shed more than 500 points by mid-morning.

That dashed hopes that the rally at the end of last week might signal a turn in investors’ fortunes following a first half that had market benchmarks suffering their worst returns in decades.

Adding fuel to the fire was news out of Europe that the euro has slid to a 20-year low against the dollar, almost reaching parity as global traders seek the...

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https://www.usnews.com/news/economy/articles/2022-07-05/dow-dives-as-recession-fears-mount-euro-slumps

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