Dow poised to confirm bear market status as recession fears mount By Reuters

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© Reuters. FILE PHOTO: A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. REUTERS/Andrew Kelly/File Photo

(Reuters) – Wall Street’s main indexes opened lower on the final trading day of a roller-coaster year marked by aggressive interest-rate hikes to curb inflation, the Russia-Ukraine war and recession fears.

The fell 99.19 points, or 0.30%, at the open to 33,121.61. The opened lower by 20.22 points, or 0.53%, at 3,829.06, while the dropped 109.72 points, or 1.05%, to 10,368.37 at the opening bell.

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By Reuters