Stock Market Today: Stocks Extend Slump On Recession Fears, Treasury Yields Leap On Hawkish Rate Bets

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The Street

By Martin Baccardax The Dow is set to slump below the 30,000 point mark Friday, as global stocks tumble to fresh two-year lows, amid rising rates and recession concerns. U.S. equity futures extended declines into a fourth consecutive session Friday, while global stocks fell to the lowest levels in two years, as investors retreated from risk markets amid hawkish central bank rate signaling and slumping global growth. The Federal Reserve’s 75 basis point rate hike earlier this week, the third in succession, was echoed by both moves and rhetoric from central banks around the world this week, lift…

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