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VOL. 46 | NO. 41 | Friday, October 14, 2022

Stocks fall broadly on Wall Street as inflation worries grow

The Associated Press

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Stocks ended broadly lower on Wall Street, leaving most major indexes in the red for the week, as more concerns emerged about inflation.

Markets fell after a report showed U.S. consumers raising their expectations for inflation, yet another signal that the Federal Reserve will have to continue aggressively raising interest rates.

The strategy raises the risk of a recession.

The S&P 500 fell 2.4% Friday. The Dow fell 1.3% and the Nasdaq gave back 3.1%.

The yield on the 10-year Treasury note, which influences mortgage rates, rose above 4% and is the highest it's been since 2008.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 0 0 0
MORTGAGES 0 0 0
FORECLOSURE NOTICES 0 0 0
BUILDING PERMITS 0 0 0
BANKRUPTCIES 0 0 0
BUSINESS LICENSES 0 0 0
UTILITY CONNECTIONS 0 0 0
MARRIAGE LICENSES 0 0 0