U.S stock Market

2022 - 5 - 6

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Image courtesy of "Aljazeera.com"

US stocks fall as Fed quagmire grips investors (Aljazeera.com)

The S&P 500 fell 3.5%, the Nasdaq 100 shed 5.1% while the Dow Jones Industrial Average dropped 3.1%.

BOE Governor Andrew Bailey said the UK economy is already slowing because of a squeeze on consumer spending power, and that will help reduce inflation next year. Mortgage rates in the US resumed their upward jump, reaching the highest level since August 2009. However, it is still a bumpy road ahead, with pivotal economic data and global developments that could seed doubts about the central bank’s approach. The Nasdaq 100 suffered one of its sharpest U-turns ever. Doubts that policy makers can arrest runaway prices rocked markets, with the prospect of stagflation unsettling investors. The tech benchmark plunged about 5%, wiping out its post-Fed gains.

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Image courtesy of "Bloomberg"

U.S. Stocks Tumble in Widespread Selloff, Tech Leads Declines (Bloomberg)

U.S. stocks sank on Thursday, completely erasing their gains from the prior session amid a broad-based selloff in risk-assets that sent tech shares tumbling ...

The tech-heavy Nasdaq 100 index tumbled as much as 5.1%, its biggest intraday drop since Jan. 24, while the blue-chip Dow Jones Industrial Average dropped 3.4%.

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Image courtesy of "Bloomberg"

Stocks, Bonds Fall on Inflation Worries; Dollar Up: Markets Wrap (Bloomberg)

Stocks slid with bonds Friday and the dollar rose as inflation, rising borrowing costs and China's Covid lockdowns depressed sentiment.

Asian stocks retreated, although the overall loss was smaller than Thursday’s slide of more than 3.5% in the S&P 500 index and 5% in the Nasdaq 100 gauge. European stocks extended their losses, falling more than 1%, and were set for the worst weekly drop in two months. Stocks slid with bonds Friday and the dollar rose as inflation, rising borrowing costs and China’s Covid lockdowns depressed sentiment.

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