Stock Market Today-8/23: Stocks Edge Higher, King Dollar Returns

US stock futures moved higher on Tuesday after the worst one-day decline on Wall Street in two months, as investors continue to favor defensive stocks and risk-free assets amid mounting concerns about a global recession.

As economic activity in Europe slows as the cost of living crisis escalates, and China struggles to rekindle growth amid its desire to completely eradicate Covid infections from the world’s largest economy, investors are beginning to worry that a recovery in the second half is likely to remain elusive.

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