Wall Street

Stock Market Today – 7/5: Stocks Slide On Recession Fears; Dollar Hits Two-Decade Peak

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The Street

By Martin Baccardax A brief overnight inversion of the U.S. yield curve, as well as mounting signs of a near-term recession, have stocks on the back foot heading into the holiday-shortened week. U.S. equity futures moved lower Tuesday, while the dollar traded at the highest levels in two decades and Treasury bond yields flashed another recession warning, as investors enter the holiday-shortened week focused on growth and inflation prospects in the world’s biggest economy. The Atlanta Fed’s GDPNow growth forecasting tool suggests the economy is contracting sharply as it enters the third quarter…

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