US stocks fall for the 4th straight session as recession fears persist

Monday's session saw all 11 of the S&P 500's sector close lower, led by the communications services and information technology groups.

US stocks fall for the 4th straight session as recession fears persist

Stocks finished in the red on Monday, extending a string of losses with more interest rate hikes and recession worries in sight among investors as the end of the 2022 trading year approached.All three of Wall Street's major indexes ended with a fourth consecutive decline and have lost ground over the past two weeks, including last week's fall of 2.1% on the S&P 500. Monday's session saw all 11 of the S&P 500's sector close lower, led by the communications services and information technology groups. Signs of easing inflation led the Federal Reserve last week to reduce the size of its latest rate increase to 50 basis points, but the central bank still has more rate hikes in the pipeline. The European Central Bank last week also reduced its rate hike size to 50 basis points but struck a hawkish tone for its outlook on rates. "The prior observation that bad economic news is good news for equities, allowing the Fed to take their foot off the financial conditions pedal, is shifting. Here's where US indexes stood at the 4:00 p.m. closing bell on Monday: Risky assets are "between a rock and a hard place given the resolve for both the Fed and ECB last week -- weaker economic data raises the specter of recession, stronger data raises the specter of rates remaining higher for longer. Among individual stocks, Tesla shares turned lower but had risen earlier in the session after voters in a poll put up by CEO Elon Musk said he should quit running Twitter. Musk said he would "abide by the results." Tesla investors and analysts have expressed concern that Musk's focus on Twitter is hurting Tesla. Meta fell after the EU filed an antitrust complaint that could put the Facebook parent on the hook for a $11.8 billion penalty. Here's what else is happening today:In commodities, bonds, and crypto: