US stocks slipped on Thursday, setting the Dow up for its worst first six months since 1962, on concerns that a dogged pursuit by central banks to tame inflation would hamper global economic growth.

Stock markets sank Thursday as more central banks hiked interest rates in efforts to tame runaway inflation, actions that raised fears they could spark recessions.

Here are Press TV's latest top stories at 02:00 GMT, May 6, 2022

Wall Street's main index fell sharply on Thursday in a broad-based selloff as the Federal Reserve's less hawkish tone failed to ease investors' expectations of bigger interest rate hikes this year to tame surging inflation.

Shares of US high tech companies fall as Wall Street records its deepest loss since 2020.

Amazon.com Inc. shares collapsed on Friday, with a loss in market value that ranks as one of the worst in Wall Street history after it gave an outlook that was seen as disappointing.

US stock indexes fell on Wednesday as oil prices climbed and Adobe shares tumbled on a disappointing forecast.

Wallstreet has bought more than 60 billion dollars worth of housing.

A number of US Republican Senate candidates hold stocks in the same Big Tech companies they are vowing to hold accountable if elected, according to a report.

Citigroup, a US-based investment bank and financial services corporation, threatens to fire its unvaccinated staff members this month.