Published 2 years ago

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

Summary by Ground News

The S&P 500 index was down as much as 2.3% for the day before a furious comeback in the final hour of trading. The tumultuous trading capped a seventh straight losing week, its longest such streak since 2001. Rising interest rates, high inflation, the war in Ukraine, and aslowdown in China's economy are all punishing stocks.

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Star Tribune

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

Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.

2 years ago·Minneapolis, United States

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Boston Herald

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

NEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% for the day before a furious comeback in the final hour of trading sent it to a tiny gain of less than 0.1%. It finished 18.7% below its record, set on Jan. 3. The tumultu…

2 years ago·Boston, United States

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Portland Press Herald

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

Rising interest rates, high inflation, the war in Ukraine and a slowdown in China’s economy have been worrying investors.

2 years ago·Portland, United States

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OC Register

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

By DAMIAN J. TROISE and STAN CHOENEW YORK (AP) — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% for the day before a furious comeback in the final hour of trading sent it to a tiny gain of less than 0.1%. It finished 18.7% below its r…

2 years ago·Orange County, United States

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Chicago Sun Times

Wall Street’s final-hour rally saves it from maw of bear market

Traders work on the floor of the New York Stock Exchange on Friday, May 20, 2022. Provided by the New York Stock Exchange/Distributed by the Associated PressNEW YORK — Wall Street rumbled to the edge of a bear market Friday after another drop for stocks briefly sent the S&P 500 more than 20% below its peak set early this year.The S&P 500 index, which sits at the heart of most workers’ 401(k) accounts, was down as much as 2.3% for the day before …

2 years ago·Chicago, United States

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