S&P 500 plummets as recession fears grow

News of the day, Tuesday, June 14

The U.S. dollar edged lower today, remaining near a 20-year high. The Dollar index traded 0.1% lower at 104.890.

Oil prices increased about $1 today due to tight global supply. WTI crude rose 0.8%, and Brent crude increased 0.9%.

Bitcoin fell 14% yesterday after the U.S. cryptocurrency lending company Celsius Network froze withdrawals and transfers due to “extreme” market conditions.

The S&P 500 index has fallen for four days in a row and slumped by 20% since Thursday as aggressive rate hikes worries and recession fears grow.

Key quotes for today:
Brent — $123.20
WTI — $121.80
GBP/USD — 1.2172
EUR/USD — 1.0475
XAU/USD — $1828.30