The S&P 500 sank 5% in a very bad week for stocks. These 20 lost up to 24%

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A profit warning from FedEx, an expensive acquisition for Adobe and fear of the Federal Reserve all weighed on the stock market.

U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against those on Sept. 13, when they sank 4% to 5%.

Investors... U.S. stocks sputtered Friday to close out the week in the red. The day’s declines of less than 1% for the broad indexes paled against those on Sept. 13, when they sank 4% to 5%. Investors have been jittery, reacting to any sign of continuing consumer price increases or economic strength heading into the Federal Open Market Committee’s meeting on Sept. 20-21. The FOMC will make a policy announcement on the 21st, followed by Federal Reserve Chairman Jerome Powell’s press conference.Read: The next financial crisis may already be brewing — but not where investors might expect

Here’s an interesting look at how far Meta Platforms Inc. META has fallen this year, incorporating the company’s own bleak outlook.

 

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Fonte: nbcchicago - 🏆 545. / 51 Leggi di più »