Stock Market Today: Stocks Turn Lower After Disappointing Housing Data

Stocks hinted at a possible recovery early on Monday, but hopes of a recovery from last week’s Fed selloff faded as the session progressed. This week may see lower than normal trading volumes leading up to the Christmas holidays.

Market participants today were hit with another sign of an economic slowdown thanks to the latest housing data, which only heightened concerns about the potential. recession Year 2023. Major market indices reacted on top of December’s already significant declines.

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