Dow and S&P 500 updates: Stock market news

New York
CNN
 — 

The good vibes on Wall Street are fading fast: US stocks tumbled yet again Friday as investors come to grips with a souring economy.

The Dow fell 200 points, or 0.6%. The S&P 500 was down 0.5%, and the Nasdaq Composite was unchanged.

CNN Business’ Fear and Greed Index, a measure of market sentiment, dipped perilously close to “Fear” Friday. The market had been in “Greed” mode for weeks.

Stocks had been riding high this month on weaker-than-expected inflation and a number of stronger-than-expected reports on the broad economy and the job market. Investors were hopeful that the Federal Reserve could slow its historic pace of rate hikes and inflation could right itself sometime next year without tipping the economy into a recession.

That excitement continued right up until Fed Chair Jerome…

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