Markets tumble worldwide, bear market nears on Wall Street

NEW YORK — Wall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, on worsening fears about a possible recession given how stubborn inflation has become.

No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes.

The pain was worldwide as investors braced for more aggressive moves from a coterie of central banks. On Wall Street, the S&P 500 was 21.3% below its record set early this year. If it finishes the day more than 20% below that high, it would enter what investors call Bears hibernate, so bears represent a market that’s retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street’s nickname for a surging stock market is a bull market, because bulls charge, Stovall said.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Markets tumble worldwide, bear market nears on Wall StreetWall Street is tumbling even more Monday, sending the S&P 500 down more than 20% from its record, amid fears that a recession is more likely given how unshakeable inflation has become.
Источник: WTVYNews4 - 🏆 590. / 51 Прочитайте больше »

Crypto Markets Dump Below $1T as BTC and Altcoins Fall by Double Digits (Market Watch)The cryptocurrency market cap has slumped to an 18-month low of its own beneath the coveted $1 trillion mark. DylanBeattie00 DanielC82569286 😮
Источник: Crypto_Potato - 🏆 568. / 51 Прочитайте больше »

Billionaire Stan Druckenmiller Prefers Bitcoin Over Gold in 'Inflationary Bull Market' – Markets and Prices Bitcoin NewsIn an inflationary bull market, 'I would want to own bitcoin more than gold,' said Druckenmiller. crypto cryptocurrency inflation $BTC It workkkkkksss MATICx1O Thanks so much fooooorrrr this gift MATICx1O Thanks so muchhhhhhh for this gift MATICx1O
Источник: BTCTN - 🏆 531. / 51 Прочитайте больше »