Wall Street falls amid increasing inflation and rising worries of a recession

On Friday the US stock markets fell. Market participants continued to fear inflation. They were guessing that a sharp increase in credit rates made by FRS could provoke the recession. At this time, investors easily went through the beginning of the reporting season.

According to Anthony Saglimbene, the main market specialist in Ameriprise Financial Troy, Michigan currently the market functions thanks to the higher interest rates and inflation. So far, it isn't obvious to everyone that the peak of inflation has come, and it depresses the market.

On Thursday, data on the level of consumer prices showed that inflation hasn’t decreased.

Now analysts expect that the business earnings on the S&P 500 index in the third quarter will grow only 3.6% compared to the previous year. According to Refinitiv, it is quite lower than the 11.1% expected at the beginning of July.

Now there are 10.88 billion shares on the US exchanges. This is lower than the average number of 11.48 billion for a full session for the last twenty trading days.