All three major indexes traded sharply lower. The Dow was down some 400 points, or 1.2%.The S&P 500 , once again in danger to close in correction territory, traded 1.7% lower. A correction is defined as a 10% drop from the most recent peak. In the case of the S&P, that was just three weeks ago, when it hit its record high on January 3.The Nasdaq Composite , which fell into correction territory last week, was down 2.1%.
The central bank in December signaled multiple rate hikes in 2022 and expectations settled on three one-quarter percentage point increases. But since then, the market has shifted its expectations to as many as four hikes.Treasury bond yields, which track interest rate expectations, intially ticked higher on Tuesday, with the 10-year bond yielding 1.74% in the morning. Last week, the yield had climbed above 1.
Remember 3 years ago, they called these corrections. So don't get upset.
Jojo does a two hour speech then the markets drop I just hope Nancy pelosi didn’t lose any money Come on man
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Just rich people making more money at the expense of normal people’s 401k’s!
This is honestly not shocking at all.
total manipulation ...smfh
Buy buy buy
It’s almost like the stock market is just a massive gambling game and not an actual reflection of the economic health of a society
Just now😉
Let's Go Brandon!
I don't play.
Maybe the media and politicians can stop pretending they are responsible for the rises and falls of the market? LOL
Yawn. 10% that own 96% of stocks are sweating
The stock market is correcting for inflation and upcoming increase in interest rates. Time for a shakeout in tech, including layoffs of overpriced/under performing employees. If you recently purchase crypto... oops.
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Swoon in Tech Stocks Puts Startup Valuations in Harsh New LightAfter a blowout year, venture investors have taken note of the downturn in publicly-traded tech stocks and are beginning to question prices for late-stage funding rounds.
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Stocks Are Facing Both Earnings Headwinds and a Compression in the P/E RatioTwo factors that determine the direction of stock prices.
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