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September 30, 2022

Tech leads stocks lower

NEW YORK (AP) — Stocks fell broadly on Wall Street Thursday as worries about a possible recession and rising bond yields put the squeeze back on markets.

The S&P 500 fell 2.1%, reaching its lowest level since late 2020. The washout erased the index's gains in a big rally the day before. That's when forceful moves by the Bank of England to get suddenly spiking U.K. yields under control led to a global burst of relief among investors.


 
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