U.S. stock market takes a turn for the worst: how we ended up here

Find Insider Deals for items perfect around the house and on the goTrader Vincent Napolitano works on the floor of the New York Stock Exchange, Monday, Aug. 5, 2024. . Worried about a slowing U.S. economy, investors sent the market in Japan to its worst day in decades and have sliced billions in market value off some of the world’s biggest technology companies. They’ve

Investors thought the Fed and other central banks were on track, even though inflation remained somewhat above their targets — in the Fed’s case, 2%. The European Central Bank and the Bank of England cut rates once and the Fed signaled it was prepared to start cutting rates in September.Despite some signs of cooling, the U.S. economy kept chugging along even with higher rates, outpacing Europe and Asia. Then came last week’s economic reports.

Experts and analysts encourage taking a long view, especially for investors concerned about retirement savings,.

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