are all punishing stocks and raising fears about a possible U.S. recession. Compounding worries is how the superhero that’s flown to Wall Street’s rescue in the most recent downturns, the Federal Reserve, looks less likely to help as it’s stuck battling the worst inflation in decades.
“Whether or not the S&P 500 closes in a bear market does not matter too much,” said Brian Jacobsen, senior investment strategist at Allspring Global Investments. “A lot of pain has already been experienced.” “I think plenty of investors were scratching their heads and wondering why the market was rallying despite the pandemic,” Jacobsen said. “Now that the pandemic has hopefully mostly passed, I think a lot of investors are kicking themselves for not having gotten out on signs that the economy was probably slowing and the Fed was making its policy pivot.”
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Final-hour rally yanks Wall Street from edge of bear marketRising interest rates, high inflation, the war in Ukraine, and a slowdown in China’s economy are all punishing stocks and raising fears about a possible U.S. recession. Rural Alaska doesn't care about this stuff. It's for the slave-like bureaucratic class. We've already weathered our recession & doing fine. Start covering news for rural AK or change your name. This isn't news. We can see that everyone in town is horrible at economics ourselves.
Источник: AKNewsNow - 🏆 460. / 53 Прочитайте больше »
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.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »
Wall Street ominously near a bear market at the end of a rough weekThe index finished the week with a 3 percent loss making it the seventh straight week of declines. It is the index's longest stretch of losses since 2001. Since World War II, recessions almost always follow bear markets. Definitely Putin’s fault and the covid pandemic of course. Nothing to do with Democrats wasteful spending and poor decision making. Not to mention their corruption.
Источник: DenverChannel - 🏆 239. / 63 Прочитайте больше »
Wall Street ends sharply lower as Target and growth stocks sinkWall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.
Источник: Reuters - 🏆 2. / 97 Прочитайте больше »
Japan's Nikkei 225 Drops More Than 2% as Asia Stocks Fall 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.
Источник: nbcchicago - 🏆 545. / 51 Прочитайте больше »