LONDON, May 20 (Xinhua) -- U.S. stock markets saw their biggest daily losses since June 2020 on Wednesday and it has stoked a panic over the prospects for an inflation-fueled recession, Sky News reported on Thursday.
On Wednesday after some retailers released disappointing financial results with damage from raging inflation, the Dow Jones Industrial Average plunged 1,164.52 points, or 3.57 percent, to 31,490.07, and the S&P 500 fell 165.17 points, or 4.04 percent, to 3,923.68.
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