Wall Street

Stock Market Today – 5/24: Stocks Slide On Renewed Growth Worries; Snap Warning Rattles Tech

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The Street

By Martin Baccardax Monday’s solid opening-week rally has given way to caution Tuesday as growth and inflation concerns pull investors away from global risk markets. U.S. equity futures slumped lower Tuesday, potentially erasing most of yesterday solid opening-week rally, as investors quickly retreated from risk markets amid concerns over the impact of surging inflation on both consumer demand and global economic growth. JPMorgan, which cut its China growth forecast to suggest a contraction of as much as 5.4% for the world’s second largest economy, sees global growth advancing at its slowest p…

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