Published 2 years ago

S&P 500 down 20% from record intraday high of Jan 4

Summary by Ground News

The S&P 500 is headed for its seventh weekly decline. It will be just its fourth streak of seven or more weekly losses in the post-World War II period. The root causes of the weakness have been the hawkish FOMC and increasing concerns over the potential for a recession.

0 Articles

All

Left

Center

Right

Times of India

Wall Street opens higher after two-day selloff

The Dow Jones Industrial Average rose 173.81 points, or 0.56%, at the open to 31,426.94.

2 years ago·India

Read Full Article

Reuters

SNAPSHOT S&P 500 on pace to confirm bear market, falls 20% from record close

The benchmark S&P 500 fell 20% from its Jan. 3 record closing high on Friday, as investors sold stocks on worries over whether the Federal Reserve will be able to tame inflation without triggering a recession.

2 years ago·United Kingdom

Read Full Article

Associated Press News

Wall Street nears bear market at the end of a bruising week

NEW YORK (AP) — Another drop for stocks on Friday has pushed the S&P 500 index 20% below its peak set early this year. The benchmark index was down 2% for the day in early afternoon trading and on pace for its seventh straight losing week.

2 years ago·United States

Read Full Article

CNN

S&P 500 briefly falls into bear market territory as recession fears mount

The S&P 500 briefly fell into bear market territory Friday, slipping more than 20% from its record high and potentially ending the bull run that began in March 2020. A reversal late in the day pushed the index higher at the market's close and saved it from reaching an official bear market designation.

2 years ago·Atlanta, United States

Read Full Article

Financial Post

S&P 500 down 20% from record intraday high of Jan 4

The benchmark S&P 500 was down 20% from its Jan. 4 intraday record peak on Friday as investors sold stocks amid worries about whether the Federal Reserve will be able to effectively combat inflation without causing a recession.

2 years ago·Canada

Read Full Article