Recession Fears Hit Market; Warren Buffett’s Concerns Slam These Stocks


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Dow Jones futures fell slightly after hours, along with S&P 500 futures and Nasdaq futures. Delta Air Lines earnings and more economic data are on tap. X The stock market rally retreated Wednesday as the Federal Reserve saw the banking crisis spurring a recession. Newly released minutes from the March 21-22 Federal Reserve meeting showed Fed staff forecasting "a mild recession starting later this year." Policymakers expected banking stress to "weigh on economic activity, hiring and inflation," Fed minutes showed. Members remained "highly attentive" to inflation risks, however. While several policymakers mulled keeping rates steady, they ultimately voted for a...