Stock Market Live: Stocks Extend Slide As Fed Hawks, Recession Concerns Weigh

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The Street

By Martin Baccardax Weakening growth prospects, muted corporate earnings and a hawkish Fed have stocks looking at firm back-to-back declines Thursday. U.S. equity futures extended declines Thursday, while Treasury bond yields continued their recent declines, as investors adjust for a potential U.S. recession while taking in another round of hawkish comments on rate hikes from a trio of officials from the Federal Reserve. A twin set of disappointing economic data Wednesday, including weaker-than-expected December retail sales and a slump in manufacturing activity around the New York state regio…

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