Final-hour rally yanks Wall Street from edge of bear market

  • 📰 AKNewsNow
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 53%

United States News News

United States United States Latest News,United States United States Headlines

Rising 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.

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.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 460. in US
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

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.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow Falls 800 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost PressuresStocks tanked as investors worried about inflation’s impact on consumer spending.
Source: Forbes - 🏆 394. / 53 Read more »