Stocks wavered Tuesday on Wall Street's first trading day of 2023 after closing out its worst year since 2008.
The S&P 500 gave up an early gain and was down 0.3% as of 10:05 a.m. Eastern. The Dow Jones Industrial Average fell 63 points, or 0.2%, to 33,081 and the Nasdaq fell 0.5%.
The central bank, along with others worldwide, has been raising interest rates to slow economic growth. That has left Wall Street bracing for the recession and higher unemployment that could result from those policies.
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