Stock markets all fell dramatically on Monday, with the S&P 500 closing down 3.88 percent; the Dow down 2.79 percent; and the Nasdaq down 4.68 percent. The drop represents a 20 percent fall since January's record high, meaning that the markets are technically in 'bear' territory - retreating into hibernation. All three markets surged to record high closes in January 2020, just as Joe Biden became the 46th president. The Dow Jones was at 31,188.
Didn't age well.
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US stocks plunge into bear market as S&P 500 and Dow Jones sinkS&P 500 plummets to new low for the year while Dow Jones closes down 875 points, as US investors fret about possible recession Biden’s S&P 500 and Dow Jones
Source: Guardian news - 🏆 28. / 68 Read more »
US stocks plunge into bear market as S&P 500 and Dow Jones sinkS&P 500 plummets to new low for the year while Dow Jones closes down 875 points, as US investors fret about possible recession Biden’s S&P 500 and Dow Jones
Source: Guardian news - 🏆 28. / 68 Read more »
S&P 500 sinks into bear-market territory as recession fears pound US stocksBear market – a plummet of 20% or more – comes as investors fret about high inflation and possibility of further rate increases How low will the US stock markets go? How about the global markets? Should we blame Putin’s war? Inflation? Excessive Covid lockdowns? The US Fed? Congress? Excessive spending? Biden? How did so many smart folks get inflation so wrong?
Source: The Guardian - 🏆 84. / 53 Read more »