Stock Market Today: Wall Street Falls Sharply to Close Its Worst Week in Nearly 18 Months

Losses, with the Dow erasing weekly gains and finishing below 33,000 for the first time since June 2022.

The Dow Jones Industrial Average closed down 697.10 points, or 2.06%, to close at 32,816.92, while the S&P 500 lost 81.75 points, or 2.11%, to end at 3,783.29.

The Nasdaq Composite Index dropped 294.97 points or 2.50%, to 11,492.30.

The broad-based sell-off was led by technology stocks, with the Nasdaq Composite Index dropping more than 2%.

Shares of Apple, Amazon, and Microsoft all fell more than 3%.

The Dow Jones Industrial Average also saw significant losses, with Boeing, Caterpillar, and 3M all falling more than 2%.

The sell-off comes amid concerns about rising interest rates and a potential recession.

The Federal Reserve has been raising interest rates in an effort to combat inflation, and investors are worried that the central bank's actions could slow economic growth.

Additionally, there are concerns that the war in Ukraine could lead to a global recession.