New York
CNN
—
The good vibes on Wall Street are fading fast: US stocks tumbled yet again on Friday afternoon as investors come to grips with a souring economy.
The Dow fell 330 points, or 1%. The S&P 500 was down 1.2%, and the Nasdaq Composite was 1.1% lower.
CNN Business’ Fear and Greed Index, a measure of market sentiment, dipped into “Fear” Friday. The market had been in “Greed” mode for weeks.
The sell-off has been broad. Only 11 companies in the S&P 500 are trading in the green. Real estate and consumer discretionary sectors have been hit the hardest, down more than 3.5% and 2%, respectively.
Stocks had been riding high this month on weaker-than-expected inflation and a number of stronger-than-expected reports on the broad economy and the job market. Investors were hopeful that the Federal Reserve…
