NEW YORK — Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become.
No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes.
The pain was worldwide as investors braced for more aggressive moves from a coterie of central banks. On Wall Street, the S&P 500 was 21.3% below its record set early this year. If it finishes the day more than 20% below that high, it would enter what investors call Bears hibernate, so bears represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street’s nickname for a surging stock market is a bull market, because bulls charge, Stovall said.
Belgique Dernières Nouvelles, Belgique Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
La source: WTVYNews4 - 🏆 590. / 51 Lire la suite »
La source: Crypto_Potato - 🏆 568. / 51 Lire la suite »
La source: BTCTN - 🏆 531. / 51 Lire la suite »