Stocks tumble on recession fears, with the S&P 500 nearing a bear market

in the Dow index. Investors are fleeing stocks amid continuing fears that high inflation is chilling consumer spending and crimping corporate profits.

Wall Street is increasingly worried about the potential for a downturn in the face of headwinds including the stiffest inflation in 40 years and rising interest rates. Tightening monetary policy could create a bumpy landing — and — causing economic growth to slow. Grim quarterly earnings reports from retailers such as Target and Walmart this week have fueled investors' concerns.

The skid has put the S&P 500 on the cusp of a"bear market," which is when a stock index falls 20% or more from a recent high for a sustained period of time.With today's slide, the S&P 500 is down 18.7% from its most recent high of 4,796 on January 3, while the Dow is 14.4% below its most recent peak. The Nasdaq had already entered bear territory and is down 29% from its most recent peak in November.

A rash of disappointing earnings reports by major retailers has sparked the most recent selloff, with Target losing a quarter of its value after reporting quarterly results that fell far short of analysts' forecasts. Inflation, especially for shipping costs, dragged its operating margin.

What if, and hear me out on this, wall street execs meet ol guillo? That would be good.

BIDEN 🤥🤥🤥

All right sounds good

nice 👍

BIDEN 2024 !

So we just sent $40 billion to Ukraine.. Hmm

This is what you get for keeping Quantitative Easing for way too long. Interest rates should have been boosted *long* ago. If we had kept QE any longer, we would've met the same fate that Japan and Turkey are now facing--a currency crash. 💴🔥

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Nasdaq, S&P 500 drop 3% as growth stocks rally wanesThe Nasdaq and the S&P 500 dropped 3% on Wednesday as a rally in growth shares faded amid economic growth concerns, while Target plunged to the bottom of the S&P 500 after the retailer became the latest victim of surging prices.
출처: Reuters - 🏆 2. / 97 더 많은 것을 읽으십시오 »

Deutsche Bank cuts baseline market forecast and sees S&P 500 at 3,000 if there's a recessionStocks could be in for much more pain ahead if a recession is imminent, according to Deutsche Bank's Binky Chadha.
출처: CNBC - 🏆 12. / 72 더 많은 것을 읽으십시오 »