The S&P 500 and the Nasdaq fell as investors fretted about an economic downturn from aggressive interest rate hikes.
Gap slides on CEO exit, outlookJuly 12 - The S&P 500 and the Nasdaq fell on Tuesday as investors fretted about an economic downturn from aggressive interest rate hikes around the world to tamp down inflation.
Analysts are also tempering their profit estimates as the earnings season kicks off in earnest this week, with results from JPMorgan Chase & Co , Citigroup IncRegister "If estimates for the second half don't go down and actually go up a little bit, that's going to shed some of the concern that we're slamming on the brakes and the economy is getting into a recession."
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