World stocks and oil prices battled to pull out of a four-day slide on Thursday as deeply inverted bond yield curves and choppy currency markets underscored the simmering concerns among investors about economic stagnation next year.
US stocks have seen their worst first half of a year since 1970, as concerns grow over how steps to curb inflation will affect economic growth.
In the last six months, the benchmark S&P 500 index fell 20.6%, while other major US indexes also dropped sharp
The problem has been exacerbated by inflation and global uncertainty, with experts predicting that a recession could be around the corner.
House Speaker Nancy Pelosi (D-Calif.) shifted her public position Wednesday on banning lawmakers and their spouses from owning and trading individual stocks, saying more readily that she would support a ban if members of her caucus wanted to do so.
Nancy Pelosi owns more than $500,000 in Apple stock, according to her financial disclosure reports. Pelosi is also the speaker of the House. Congressional Democrats and Republicans alike have introduced multiple antitrust bills that would affect Big Tech companies.
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