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S&P 500 on track for 20% decline from Jan. 3 record closing
... able to tame inflation without a recession, with spillover effects from the war in Ukraine and the possibility of a slowdown in China from a rise in COVID 19 cases adding to the angst. MARKET REACTION: STOCKS: Dow down 1.35%, S&P 500 down 1.62%, Nasdaq down 2.23% If we don't today, it'll be Monday. There really hasn't been much of a bounce in all of the trading that's gone on in the last couple of weeks. Any bounce we've had has gone away quickly. We're going to be in a bear market today if not ...
Updated: 05/20/2022
Investors flee every major asset class in the past week
... that the S&P 500 saw an average decline of 37.3% over the past 140 years, with an average duration of 289 days. BofA said the latest bear market would end in October, with the S&P 500 at 3,000 points -- about 23% less than current levels, and the Nasdaq at 10,000 points -- 16% lower from here. In the note, Hartnett wrote that 3,600 is the new bull case, referring to the S&P 500 level, which would mean 7.7% downside from here. READ: Indicators of Market Bottom Are Still Missing: Taking Stock In ...
Updated: 05/20/2022
Banks, growth stocks up on volatile trading day
... of Apple and network gear maker Cisco Systems . Retailers including Target Inc. and Walmart Inc. have rattled market sentiment this week, adding to evidence that rising prices have hurt the purchasing power of U.S. consumers. The S&P 500 and the Nasdaq are tracking their seventh week of losses, their longest losing streak since 2001, while the Dow is set for its eighth weekly decline since 1932, its longest since 1932. The indexes have fallen between 14.0% and 27.2% this year as investors adjust ...
Updated: 05/20/2022
Bitcoin, ETH have suffered 10% price losses in a month
... second time in 2022 that cryptocurrencies have suffered a price loss of over 10%. BTC has lost 23.57% of its value over the last month, while Ethereum has a 26.32% loss. US equities suffered slightly more moderated losses: S&P 500 a -- 11.07%, and Nasdaq 100 a -- 14.93%: There are worse sell-offs for cryptocurrencies than in the capital markets, as seen in the chart above. The rise in interest rates leads to a lot of investors becoming averse to risky assets, which cryptocurrencies are due to their ...
Updated: 05/20/2022
Asian shares jump after China cuts lending benchmark
... and growth have caused investors to dump shares, with Cisco Systems Inc falling to an 18 month low on Thursday after it warned of persistent component shortages. The Dow Jones Industrial Average fell 0.75 percent, the S&P percent was lower and the Nasdaq Composite was down 0.26 percent after a late rally on Wall Street petered out. Following China's LPR cut, US government bond yields went up, as well as the shift in risk appetite in equities. The US 10-year yield was last at 2.8677 percent, up ...
Updated: 05/20/2022
Sensex, Nifty fall over 400 points on weak global cues
... lower after a volatile session on Thursday, with Cisco Systems plumbling after giving a dismal outlook, while investors fretted about inflation and rising interest rates. The S&P 500 declined 0.58% to 3,900 at the end of the session. 79 points. The Nasdaq declined by 0.26% to 11,388. The Dow Jones Industrial Average declined by 0.75% to 31,253. 13 points. Asian shares went up early on Friday after China cut a key lending benchmark to support a slowing economy, but a gauge of global equities remained ...
Updated: 05/20/2022
Indian Gen Zs have a paying job, says study
According to the Deloitte study released on Thursday, a large proportion of Indian Gen Zs and millennials have a paying job in addition to their primary job, such as a social media influencer, working for a non-profit and selling products or services online. According to the Deloitte study released on Thursday, a large proportion of Indian Gen Zs and millennials have a paying job in addition to their primary job, such as a social media influencer, working for a non-profit and selling products...
Updated: 05/20/2022
Equity benchmark Sensex drops more than 1,500 points to 52,669
... lower after a volatile session on Thursday, with Cisco Systems slumping after giving a dismal outlook, while investors fretted about inflation and rising interest rates. The S&P 500 declined by 0.58% to 3,900 at the end of the session. 79 points. The Nasdaq declined by 0.26% to 11,388. The Dow Jones Industrial Average declined by 0.75% to 31,253. 13 points. Asian shares went up early on Friday after China cut a key lending benchmark in order to support a slowing economy, but as investors worried about ...
Updated: 05/20/2022
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