U.S. stock market indices declined yesterday on growing fears of a recession in the U.S. economy, with the S&P 500 index falling for the fourth consecutive time.

U.S. stock indices list – what’s happening right now?

Inflation will drain Americans’ financial reserves and could lead to a recession sometime in the middle of next year, according to the head of JPMorgan Chase & Co (NYSE:JPM). Jamie Dimon. His Goldman Sachs Group (NYSE:GS) colleague David Solomon also expects a recession in the coming months, and he believes markets are in for a turbulent period. The situation also affected T-Bond Futures.

Meanwhile, the U.S. Commerce Department said Tuesday that the country’s trade deficit widened 5.5 percent to $78.2 billion in October, the highest in four months but below analysts’ expectations of $80 billion.

Previously published positive data on business activity in the service sector and the number of new jobs in the U.S. economy have led investors to doubt that the Federal Reserve is willing to slow the pace of key interest rate increases, writes Trading Economics.

“The market got off to a nervous start this week as strong U.S. statistics hit investors’ hopes that the Fed would soften its stance in the coming months,” wrote SPI Asset Management managing partner Stephen Innes. “Ultimately, it’s more important exactly where the Fed stops, not how quickly they get to it. A stronger-than-expected labor market and positive business sentiment make it more likely that the rate will exceed 5%,” he added.

Market participants also watched for corporate news. The Dow Jones Industrial Average fell 350.76 points (1.03%) to 33596.34.

Earlier, we reported that European stock indicators on December 7 showed a contradictory mood.