The Dow Jones Industrial Average, the S&P 500 and the Nasdaq each lost more than 1.5% on Friday, with the Dow closing at its lowest level since late 2020. The S&P is down 23% since its peak in January.
The market has dropped more than 5,000 points in 12 months, with more than 1,000 points lost this week. And there are more storm clouds ahead, according to UC Berkeley economist James Wilcox. The Federal Reserve board's trio of 2022 interest rate hikes has made borrowing harder for companies that want to grow, and for consumers — particularly those who hope to own a home. The average 30-year fixed mortgage interest rates have spiked from 3.3% to 6.7% over the past nine months thanks to the Federal Reserve board hikes.
How are you not admitting we're already in a recession? Everyone knows we are and this ^ makes me not trust you.
The stock market IS NOT THE ECONOMY
The sky is falling! Yeah, right.
Could fall. What the hell do you think is happening now. Biden caused all of this with his stupid spending programs
We are in a recession. It’s being caused by Joe Biden and the democrats.
Trump appointed Jerome Powell. It makes me wonder if Trump & McConnell had a chat with Jerome to purposefully cause a recession to make Dems lose the midterms. 🤔
Didn’t the pandemic teach us the stock market isn’t the economy?
Stock market manipulation by big corporations and the 1%. Stock market has nothing to do with economy. Your 401 K is run by big corporations, who care nothing for you.
Biden policies destroying our country! 😡
Nyc
Biden crime family.
ANd Trump had the Dow 19,000 at one point.....how quickly people forget the Great Depression drop he had...cause of his FAT mouth...
Fjb
The economy and the incompetence under Biden’s watch the past (19) months are on the Nov ballot: Baby formula shortages, gas up 60%, 40 year high inflation, interest rates are up from 2.50% to 6.87%, defund police, border crisis,fentanyl crisis, lock downs, school closings.
Thanks for NOTHING Biden! 💩🤬💩🤬💩
Thr US is already in a recession but the media is denying it ..
Honest and trustworthy expert trader that made me smile for the very first time in my life, after encountering lot of scams, I thought it was fake but when I gave it a try I then realise that is real so I won’t keep silent I need everyone to see the joy in me joshua_encrypt.
Hard to call the economy in recession when employment is beyond the natural rate of full employment.
I got out when it was falling 1k everyday for several days in 2020 and haven’t looked back.✌️
joncoopertweets jchrthomas diann4kdz
Let’s go Brandon
And democrats continue to celebrate their economic policies.
Thank you President Biden
We been in one they just never went public 🙄
Biden sucks
Thanks Biden.
Way to go Joe! Let’s keep spending billions we don’t have! That should help inflation
ALL because of Joe Biden and The Democrats JoeBidenKilledMy401k