Dow enters first bear market since March 2020 as rate, currency and economic worries reverberate

The Dow Jones Industrial Average finished in a bear market on Monday for the first time in more than two years and the S&P 500 fell below its June closing low as investors fretted over a combination of interest-rate, currency and economic risks.

The ICE U.S. Dollar Index DXY, +0.81% started the week by topping 114, its highest level since 2002. The 10-year Treasury TMUBMUSD10Y, 3.919% yield, which began the year around 1.6%, soared to 3.878% on Monday — its highest level since April 2010 — as six-month through 30-year rates all moved either closer to or above 4%.

Globally, many central banks are getting more hawkish at a time when a lot of economies, particularly in the U.S. and Europe, are turning weaker, said Tom Graff, head of investments for Facet Wealth in Baltimore, which manages more than $1 billion. “And we might only be getting near the beginning of understanding what this economic slowdown will mean,” he said.

See: Bailey: Bank of England ‘won’t hesitate to change interest rates as necessary’ to get inflation to 2% However, Jonathan Krinsky, chief market technician at BTIG, wondered whether the S&P 500’s SPX, -1.03% retreat back to just under its June lows should attract investors. The good news is that “in the near-term, we are much closer to a tradable bottom than we were at 3,900,” Krinsky wrote in a note.

Thanks Joe Biden, senate Democrats, house democrats and all those that voted for them…POTUS economic disaster.

It’s worth it to stop Putin! Sure I can’t afford Gas or Food but that’ll show him

The 🐻 market just started? Where have you been? 😂

A bear market in the midst of record corporate profits. Time to buy.

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

US stocks slip deeper into a slump as Dow enters bear marketThe losses were broad and included banks, health care companies, and retailers. Treasury yields continued to rise as the Federal Reserve fights inflation. Thx joey Recession already started. Changing the definition doesn’t change the reality.
Sumber: 10News - 🏆 732. / 50 Baca lebih lajut »

Stocks fall on recession fears; Dow slips into bear marketMajor indexes like the S&P 500, the Dow Jones Industrial Average and the Nasdaq took hits. Even the British pound slumped to an all-time low against the dollar.
Sumber: TucsonStar - 🏆 339. / 59 Baca lebih lajut »

Dow enters bear market as stocks fallUS markets were mostly flat after the British pound crashed to a new record low against the dollar Monday morning. Follow live here. Biden sucks 🚶🏾🚶🏾😹😹😹 Good, I hope those greedy aholes lose their effing shirts for what they've done to us with their gambling habits.
Sumber: CNN - 🏆 4. / 95 Baca lebih lajut »

Stocks fall on recession fears; Dow slips into bear marketMajor indexes like the S&P 500, the Dow Jones Industrial Average and the Nasdaq took hits. Even the British pound slumped to an all-time low against the dollar.
Sumber: dothaneagle - 🏆 337. / 59 Baca lebih lajut »

What the Club is watching Monday — yields and dollar up, stocks to open lower, we want to buyU.S. stock futures point to a lower open to start the week as the British pound sinks to a record low against the U.S. dollar.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »