Wall Street ends sharply lower as Target and growth stocks sink

A trader works on the trading floor at the New York Stock Exchange in Manhattan, New York City, U.S., May 18, 2022. REUTERS/Andrew KellyUnofficially, the S&P 500 declined 4.04% to end the session at 3,923.68 points.

Wall Street's recent sell-off has left the S&P 500 trading at around 17 times expected earnings, its lowest PE valuation since the 2020 sell-off caused by the coronavirus pandemic, according to Refinitiv data., also known as Wall Street's fear gauge, rose to 31 points after falling for six straight sessions.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific stocks set for lower start following tumble on Wall StreetMajor indexes on Wall Street declined more than 3.5% overnight, with the Dow Jones Industrial Average closing at its lowest since March 2021.
Source: CNBC - 🏆 12. / 72 Read more »

Stocks Keep Tanking As Growing Number Of Wall Street Experts Warn About Rising Recession RisksMarkets moved lower again on Monday, struggling to rebound from a brutal selloff in recent months that has caused tech stocks to nose-dive and pushed the S&P 500 to the edge of bear market territory. Thank you JoeBiden and TheDemocrats
Source: Forbes - 🏆 394. / 53 Read more »