The S&P 500 ended first half of 2022 decrease by 20.6%
US inventory futures continued to say no Friday morning after the worst begin to a yr in many years. The Dow Jones Industrial Common is down zero.7% in pre-market buying and selling, whereas the S&P 500 and Nasdaq 100 are sliding zero.67% and zero.59% respectively.
Inventory prolonged losses from Thursday’s session, with the Dow down 15.three% thus far this yr marking its worst first-half efficiency since 1962. The S&P 500 index ended the primary half of 2022 decrease by 20.6% for its worst begin to a yr since 1970. The Nasdaq’s 29.5% drop thus far in 2022 marked its worst first half on document.
The steep first-half losses come as buyers are grappling with the dangers of an financial downturn and tighter financial coverage, because the US Federal Reserve responds to inflation with aggressive interest-rate hikes. The Fed hiked the important thing rate of interest by zero.75 of a proportion level in June, marking the largest fee enhance since 1994.
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