"The odds of a 'June Swoon' straight to 3,400 have gone up significantly, in our view," wrote Jonathan Krinsky, technical analyst for BTIG.
Shares of Boeing, Salesforce and Dow fell more than 8%, 5% and 3%, respectively, dragging down the Dow. Beaten-up tech shares also took a hit with Netflix, Amazon and Nvidia down more than 5% as the Nasdaq touched a fresh 52-week low and its lowest level since November 2020. Meanwhile, short-term rates jumped as investors still reeling from a hotter-than-expected inflation report on Friday braced for the Federal Reserve to raise rates later in the week.reaching its highest level since 2007
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Dow sinks 800 points and stocks enter bear market on worries of drastic rate hikesUS stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation. Well, time to build again I believe Putin has something to do with this.🤣🤣🤣🤣🤣 Since the beginning of this year when was it not in bear territory. I have lost 45 percent of my investment.
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S&P 500 threatens to open in bear-market territory: What investors need to knowThe S&P 500 threatens Monday to open in bear-market territory. Here's how the index has performed in the past.
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S&P 500 nears bear market territory as stock prices tumble worldwideWall Street is tumbling even more today. The S&P 500 is down more than 20% from its record, amid fears that a recession is more likely given how unshakable inflation has become.
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