NEW YORK (Reuters) - Stocks slid on Tuesday, sending Wall Street near bear-market lows as grim regional manufacturing data signaled the recession is worsening, while signs of more trouble in the banking sector sank financials.
Financial shares led the way down on fears of more trouble for European banks after Moody's Investors Service said various eastern Europe banks faced downgrades and that recession in emerging Europe will be more severe than elsewhere due to large imbalances.
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As Americans head to the polls in 2024, the very future of our country is at stake. At HuffPost, we believe that a free press is critical to creating well-informed voters. That's why our journalism is free for everyone, even though other newsrooms retreat behind expensive paywalls.
Our journalists will continue to cover the twists and turns during this historic presidential election. With your help, we'll bring you hard-hitting investigations, well-researched analysis and timely takes you can't find elsewhere. Reporting in this current political climate is a responsibility we do not take lightly, and we thank you for your support.
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