scorecardresearchGlobal Markets Wrap: US Futures, Stocks Turn Gloomy on Recession Fears

Global Markets Wrap: US Futures, Stocks Turn Gloomy on Recession Fears

Updated: 22 Jun 2022, 08:58 AM IST
TL;DR.
A bounce in stocks reversed in Asia Wednesday and the dollar climbed amid ever-louder warnings about the risk of an economic downturn.
Traders work on the floor during the opening bell of the New York Stock Exchange in New York City on May 16, 2022. - US stocks were off to a downbeat start Monday following the rally in the prior session, as concerns about growth in the domestic and global economies continue. (Photo by TIMOTHY A. CLARY / AFP)

Traders work on the floor during the opening bell of the New York Stock Exchange in New York City on May 16, 2022. - US stocks were off to a downbeat start Monday following the rally in the prior session, as concerns about growth in the domestic and global economies continue. (Photo by TIMOTHY A. CLARY / AFP)