Market Snapshot: Dow falls nearly 400 points as weak retail sales stoke recession fears

U.S. stocks opened lower on Thursday, adding to the previous day’s losses, after November retail-sales data showed the biggest drop in over a year, reviving worries about the state of the economy.

What’s happening

Stocks posted moderate losses Wednesday after the Federal Reserve delivered a half-point rate hike and signaled that rates would likely peak above 5% in 2023.

What’s driving markets

Stocks…