The stock market seems to be in a period of decline due to concerns about how high inflation is putting pressure on both companies and consumers. Investors are also worried about the Federal Reserve’s plans for sharp rate hikes. It is unclear, according to investors, whether the increases can halt inflation or whether they even halt growth so much that it leads to a recession.
The broad S&P 500 index and the Dow Jones industrial average closed both unchanged, while the Nasdaq fell 0.3 percent. Since the stock market opened on Monday, the S&P 500 has fallen 3.0 percent, the Dow Jones 2.9 percent and the Nasdaq 3.8 percent.