Japan’s Nikkei Stock Average fell 1.2% to close at 27472.63. Weak U.S. economic data released Wednesday have deepened concerns that the aggressive Fed monetary-tightening stance could tip the U.S. economy into recession, said Phillip Nova.
Fear and Markets
Stock futures edged lower as investors focused on fresh signs of a slowing economy.
Given the recent headlines, I want to say a few words about the safety of your money in the bank — and all the “end of the world” financial stories, memes and social-media posts that have started to circulate — again.