Stocks post worst month in nearly 14 years as recession fears grow stronger

Business, Market April 30, 2022April 30, 2022 Chuck Berry
Brendan McDermid/Reuters
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US stocks plunged on Friday, with the Nasdaq marking its worst month since October 2008 and the S&P notching its worst month since March 2020 at the onset of the Covid pandemic.

The tech-heavy Nasdaq fell 4.2% on Friday, dragged down by Amazon (AMZN), which dropped nearly 15% after it missed earnings expectations.

The S&P 500 shed about 3.6% on Friday, while the Dow dropped about 940 points, or 2.8%.
The most closely watched inflation reading released Friday — the core personal consumption expenditures price index — rose 5.2% from a year ago, spelling more trouble for the economy.

Read more at CNN.com

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Chuck comes from a lineage of journalism. He has written for some of the webs most popular news sites. He enjoys spending time outdoors, bull riding, and collecting old vinyl records. Roll Tide!