US stocks fall as recession worries persist

U.S. stock indexes fell today, led by shares of Tesla and other megapcap companies, as investors feared that the Federal Reserve's monetary policy tightening campaign could push the U.S. economy into a recession.

The main U.S. benchmarks have sold off sharply in December, putting them on course for their worst annual declines since the 2008 financial crisis.

Market heavyweights such as Apple, Microsoft and Amazon fell more than 1% , weighed down by rising Treasury yields.

Tesla fell 1.6%, reversing strong premarket gains in the wake of a Twitter poll that showed majority of users voted for Elon Musk to step down as chief executive of the social media platform.