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Volatility In Markets Drops, US Stocks Down For Third Straight Session

U.S. stocks fell for a third session in a row on Friday and recorded losses for the second straight week amid increasing recession worries. The Federal Reserve raised its target fed funds rate by 0.5% to a new range of between 4.25% and 4.5%, and signaled more rate hikes for 2023. For the week, the Dow Jones dropped around 1.7%, while the S&P lost about 2.1%.

META

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CNN Fear & Greed Index Moves To ‘Neutral’ Zone After Dow Tumbles Over 700 Points

The CNN Money Fear and Greed index moved to the "Neutral" zone after US stocks recorded sharp losses on Thursday. The Dow notched its worst session since September after data released Thursday showed retail sales dropping higher-than-expected in November. Retail sales declined 0.6% for November, higher than analysts’ expectations for a 0.3% drop.

ACN