Beautiful Virgin Islands

Wednesday, Jul 23, 2025

S&P 500 sees 5th straight decline as recession fears weigh on US stocks

S&P 500 sees 5th straight decline as recession fears weigh on US stocks

The Nasdaq Composite notched a fourth straight loss as major banks sound the alarm on recession worries.

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 its 11 sectors moving lower, led by the communications services group. The Nasdaq Composite marked a fourth straight loss, while the Dow industrials ended flat. Among individual stocks, Carvana sank on rising bankruptcy concerns. 

Wall Street banks and CEOs including JPMorgan boss Jamie Dimon in recent days have told investors to prepare for sharp stock losses next year and for recessions to sweep across major economies. Growth worries were exacerbated Wednesday by weak Chinese trade figures even as Beijing continued to roll back its zero-COVID policy measures related to quarantines and testing. 

Here's where US indexes stood at the 4:00 p.m. closing bell on Wednesday: 

*  S&P 500: 3,933.92, down 0.19%

*  Dow Jones Industrial Average: 33,597.92, 0.00% (1.58 points)

*  Nasdaq Composite: 10,958.55, down 0.51%

"Our baseline view is a weakening economy, diminished consumer activity and corporate profit challenges while inflationary pressures promote higher interest rates than recent experience," Tom Hainlin, global investment strategist at US Bank Wealth Management, wrote in emailed comments. "Next week's updated Summary of Economic Projections (SEP) will provide an important overlay of Fed vs. market-based inflation and interest rate expectations." 

Here's what else is happening today:


*  Binance's CEO called FTX's Sam Bankman-Fried "one of the greatest fraudsters in history."

*  A growing pile of hidden debts could shock markets, warned the Bank for International Settlements.

*  Goldman Sachs boss David Solomon sees just a 35% chance the Fed avoids a recession.

*  DoubleLine Capital CEO Jeff Gundlach called the Federal Reserve's plan to raise interest rates further questionable because policy makers will likely end up reversing those hikes sooner rather than later. 

*  An ongoing drop in response rates for popular economic surveys could call into question the reliability of forecasts made by the Federal Reserve, said Fundstrat's Tom Lee.

In commodities, bonds, and crypto:


* West Texas Intermediate crude fell 2.9% to $72.30 per barrel. Brent crude, the international benchmark, rose 0.2% to $77.35.  

*  Gold gained 1% to $1,800 per ounce. 

*  The 10-year Treasury yield fell 18 basis points to 3.42%.

*  Bitcoin fell 1% to $16,833.04.

Newsletter

Related Articles

Beautiful Virgin Islands
0:00
0:00
Close
US Treasury Secretary Calls for Institutional Review of Federal Reserve Amid AI‑Driven Growth Expectations
UK Government Considers Dropping Demand for Apple Encryption Backdoor
Severe Flooding in South Korea Claims Lives Amid Ongoing Rescue Operations
Japanese Man Discovers Family Connection Through DNA Testing After Decades of Separation
Russia Signals Openness to Ukraine Peace Talks Amid Escalating Drone Warfare
Switzerland Implements Ban on Mammography Screening
Japanese Prime Minister Vows to Stay After Coalition Loses Upper House Majority
Pogacar Extends Dominance with Stage Fifteen Triumph at Tour de France
CEO Resigns Amid Controversy Over Relationship with HR Executive
Man Dies After Being Pulled Into MRI Machine Due to Metal Chain in New York Clinic
NVIDIA Achieves $4 Trillion Valuation Amid AI Demand
US Revokes Visas of Brazilian Corrupted Judges Amid Fake Bolsonaro Investigation
U.S. Congress Approves Rescissions Act Cutting Federal Funding for NPR and PBS
North Korea Restricts Foreign Tourist Access to New Seaside Resort
Brazil's Supreme Court Imposes Radical Restrictions on Former President Bolsonaro
Centrist Criticism of von der Leyen Resurfaces as she Survives EU Confidence Vote
Judge Criticizes DOJ Over Secrecy in Dropping Charges Against Gang Leader
Apple Closes $16.5 Billion Tax Dispute With Ireland
Von der Leyen Faces Setback Over €2 Trillion EU Budget Proposal
UK and Germany Collaborate on Global Military Equipment Sales
Trump Plans Over 10% Tariffs on African and Caribbean Nations
Flying Taxi CEO Reclaims Billionaire Status After Stock Surge
Epstein Files Deepen Republican Party Divide
Zuckerberg Faces $8 Billion Privacy Lawsuit From Meta Shareholders
FIFA Pressured to Rethink World Cup Calendar Due to Climate Change
SpaceX Nears $400 Billion Valuation With New Share Sale
Microsoft, US Lab to Use AI for Faster Nuclear Plant Licensing
Trump Walks Back Talk of Firing Fed Chair Jerome Powell
Zelensky Reshuffles Cabinet to Win Support at Home and in Washington
"Can You Hit Moscow?" Trump Asked Zelensky To Make Putin "Feel The Pain"
Irish Tech Worker Detained 100 days by US Authorities for Overstaying Visa
Dimon Warns on Fed Independence as Trump Administration Eyes Powell’s Succession
Church of England Removes 1991 Sexuality Guidelines from Clergy Selection
Superman Franchise Achieves Success with Latest Release
Hungary's Viktor Orban Rejects Agreements on Illegal Migration
Jeff Bezos Considers Purchasing Condé Nast as a Wedding Gift
Ghislaine Maxwell Says She’s Ready to Testify Before Congress on Epstein’s Criminal Empire
Bal des Pompiers: A Celebration of Community and Firefighter Culture in France
FBI Chief Kash Patel Denies Resignation Speculations Amid Epstein List Controversy
Air India Pilot’s Mental Health Records Under Scrutiny
Google Secures Windsurf AI Coding Team in $2.4 Billion Licence Deal
Jamie Dimon Warns Europe Is Losing Global Competitiveness and Flags Market Complacency
South African Police Minister Suspended Amid Organised Crime Allegations
Nvidia CEO Claims Chinese Military Reluctance to Use US AI Technology
Hong Kong Advances Digital Asset Strategy to Address Economic Challenges
Australia Rules Out Pre‑commitment of Troops, Reinforces Defence Posture Amid US‑China Tensions
Martha Wells Says Humanity Still Far from True Artificial Intelligence
Nvidia Becomes World’s First Four‑Trillion‑Dollar Company Amid AI Boom
U.S. Resumes Deportations to Third Countries After Supreme Court Ruling
Excavation Begins at Site of Mass Grave for Children at Former Irish Institution
×