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S&P 500 sees 5th straight decline as recession fears weigh on US stocks
1 month ago | By Business Insider
Traders work on the New York Stock Exchange floor in New York City. AP Photo/Ted Shaffrey
The S&P 500 notched its fifth consecutive losing session, and the Nasdaq Composite marked a fourth straight loss.
Major banks are sounding the alarm on recession worries and potentially sharp losses in 2023.
A slump in Chinese trade in November underscored global recession fears.
US stocks largely finished in the red Wednesday, ending a topsy-turvy session amid worries that the US and economies worldwide are sliding into recession. The S&P 500 notched its fifth consecutive losing session with eight of...
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'Dr. Doom' Nouriel Roubini sees a 25% fall in the S&P 500 if the US economy sinks into a severe recession
1 month ago | By Business Insider
Dr. Nouriel Roubini speaking at the Concordia Annual Summit in New York in September. John Lamparski/Getty Images for Concordia Summit
The S&P 500 could fall by 25% if the US enters severe recession, according to economist Nouriel Roubini.
"Dr. Doom" told Bloomberg such a move could happen if the US contracts sharply but not by as much as during 2008.
Roubini's estimate would see the S&P 500 around its lowest levels of the current bear market.
US stocks could tumble to their worst levels of the current bear market should the US economy slump into its sharpest recession in more than a...
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