What to Watch Today: Wall Street Set to Rise After S&P 500 Officially Closed in Bear Market
"The truth is, nobody knows what will be the long-term consequences of having [shut down parts of the economy for long periods of time], because we don't have any experience having done it before," she tells CNBC Make It."Wherever there's a lot of guessing and a lot of uncertainty, that means people's beliefs can move around a lot. And with those beliefs go stock prices.
Indeed, bear markets"are historically fantastic opportunities to build wealth for longer-term investors," says Matt Stucky, senior portfolio manager at Northwestern Mutual Wealth Management. Still, Stucky recommends that investors don't rush to invest all their money. They should also focus on growing their savings. The important thing is for investors to"make sure that you can handle these swings" when buying stocks, because there will be more volatility to come.
Thanks Joe
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Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikesUS stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation. Well, time to build again I believe Putin has something to do with this.🤣🤣🤣🤣🤣 Since the beginning of this year when was it not in bear territory. I have lost 45 percent of my investment.
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Bear market growls on Wall Street as stocks and crypto diveFears about a fragile economy are forcing Wall Street toward what’s known as a bear market, with the S&P 500 tumbling more than 20% below its record set early this year
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Bear market hits Wall Street as stocks, bonds, crypto plungeThe S&P sank 3.9% in the first chance for investors to trade after getting the weekend to reflect on the stunning news that inflation is getting worse, not better. The Dow Jones Industrial Aver…
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US crypto stocks close in the red as bear market fears grip equitiesUS stocks enter bear market territory as equities with exposure to cryptocurrencies suffer double whammy.
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Asian stocks slide as Fed hike fears tip Wall St into bear marketAsian shares slid sharply and the safe-haven dollar held near a two-decade peak on Tuesday after Wall Street hit a confirmed bear market milestone on fears aggressive U.S. interest rate hikes would push the world's largest economy into recession.
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