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Asian Markets Fall, Tracking Wall Street Decline
U.S. stock indexes fell as investors weighed a batch of solid corporate earnings reports against concerns that continued interest-rate increases will cause a recession. The S&P 500 declined 0.7% after spending the morning bouncing between gains and losses. It has been a volatile stretch for the broad-market index. The Nasdaq Composite Index lost just under 0.9%, and the Dow Jones Industrial Average slipped 0.3%. "I think the broader issue in this earnings season is really not just how companies are doing, but the macro issues with interest rates and Fed policy," said Jimmy Chang, chief investment officer at ... (full story)