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Wall Street closed sharply lower in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries over recession and the looming earnings season.
Wall Street tumbled in a broad sell-off on Tuesday as dire consumer confidence data dampened investor optimism and fueled worries that the Federal Reserve's aggressive battle against inflation could tip the economy into recession.
American International Group, Inc. AIG is well poised to grow on the back of strategic acquisitions and its multi-year transformative program. Improving travel and warranty business is likely to drive AIG’s Personal lines insurance business in the coming days.
Wall Street slid on Tuesday with early gains reversing to a broad sell-off on the heels of dire consumer confidence data, which dampened investor optimism and stoked recession fears.
What happened
Tuesday is looking more like "Lose Day" for investors in e-commerce stocks, as a chorus of downbeat analyst notes sink the sector, and send shares of e-commerce kingpin Amazon.com (NASDAQ: AMZN), online artisan marketplace Etsy (NASDAQ: ETSY), and online used car re