Reuters
Some see few signs of a bottom in U.S. stocks, even after steep selloff
Despite a crushing selloff that pushed U.S. stocks into a bear market, investors see few signs suggesting equities have hit bottom, as persistent worries over surging inflation and an aggressive Federal Reserve continue to pressure asset prices. The 21.3% year-to-date decline in the S&P 500 as of Monday wiped out some $8.7 trillion in market value this year, according to S&P Dow Jones Indices. “This is not necessarily what a bottom looks like,” said Mark Hackett, chief of investment research at Nationwide.
Source: finance.yahoo.com
Related posts:
Freed Huawei Finance Chief Meng Wanzhou Returns to Company Spotlight
The Debt Limit Ceiling Crisis Could Hit Your 401(k), Social Security and Medicare
Only 5 S&P 500 stocks ended higher after Powell’s sobering Jackson Hole speech
‘AI Boom Won’t Help’: Jeremy Grantham Warns of a Stock Market Crash — Here Are 2 ‘Strong Buy’ Divide...
Germany seizes three Gazprom tankers in new blow for Putin - live updates