News Formal

Worst may be yet to come for US stock market, Bank of America warns

  • 📰 nypost
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 67%

Italia Notizia Notizia

Italia Ultime Notizie,Italia Notizie

The worst may still be yet to come for stocks – even after leading exchanges suffered their worst day of the year as anxiety mounts that the Federal Reserve’s plan to combat inflation will result i…

The Nasdaq index is down more than 22% so far this year as investors shed their exposure to riskier growth stocks that powered the markets’ blockbuster performance during the COVID-19 pandemic. The Nasdaq lost more than 5% of its value on Thursday, marking its worst day in nearly two years.

The market’s downturn erased a “relief rally” that occurred earlier this week after Fed Chair Jerome Powell said the– and marked a 2,000-point, two-day swing for the Dow. “‘Recession shock’ was priced-in too quickly; this is a problem as stronger-than-expected economic data in the first half is causing the market to price-in longer/bigger inflation/rates shock,” the analysts said.So far, the risk of an economic slowdown hasn’t impacted a historically strong US labor market.

 

Grazie per il tuo commento. Il tuo commento verrà pubblicato dopo essere stato esaminato.
Abbiamo riassunto questa notizia in modo che tu possa leggerla velocemente. Se sei interessato alla notizia puoi leggere il testo completo qui. Leggi di più:

 /  🏆 91. in İT

Italia Ultime Notizie, Italia Notizie

Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.

Media, Tech Stocks Skid as U.S. Markets Suffer Worst Drop So Far This YearU.S. stocks slumped Thursday in the financial markets’ biggest meltdown so far this year, with tech companies taking a harder hit than the media sector in a dramatic reversal of the previous …
Fonte: Variety - 🏆 108. / 63 Leggi di più »