How major US stock indexes fared Thursday 3/9/2023

Stocks sank broadly on Wall Street, worsening their losses for the week, as markets remain anxious about the prospect of more aggressive action by the Federal Reserve to fight inflation with higher interest rates. The losses came after two days of testimony before Congress by Federal Reserve Chair Jerome Powell, who said the central bank was prepared to continue making big interest rate increases if necessary. Investors fear the inflation-fighting policies may tip the economy into a recession and put many people out of work.