Monday, June 13, 2022

Dow sinks and stocks enter bear market on worries of drastic rate hikes

US stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation.
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Dow sinks and stocks enter bear market on worries of drastic rate hikes
US stocks plunged into bear market territory Monday morning as Wall Street investors grew increasingly nervous about the prospect of even more harsh medicine from the Fed to take the sting out of inflation. Read more »
 
Where to hide in a bear market? Soda, peanut butter and tissues
Stocks plunged again Monday, extending Friday's losses and officially pushed the S&P 500 into bear market territory. But as any savvy investor knows, you can always find winners on Wall Street, even when things seem dire. Read more »
 
The Fed may have to do something it hasn't done since 1994 to tame inflation
Just one month ago, Federal Reserve chairman Jerome Powell said that the central bank was not "actively considering" raising interest rates by three-quarters of a percentage point to fight inflation. But after Friday's consumer price index report showed inflation is rising faster than expected, Wall Street is worried that Powell may have to change his tune. Read more »
 
Bitcoin plunges below $24,000 and the crypto meltdown claims another casualty
Bitcoin and other cryptocurrencies have plunged, and one of the world's biggest lenders of cryptocurrency has paused all withdrawals from its platform as the market meltdown continues apace. Read more »
 
Tesla is trying an old trick to boost its stock. It may not work
In recent years, when a company announced it was splitting its stock, Wall Street went wild. When Tesla revealed such plans in 2020, its shares immediately shot up. They climbed 66% over the following 12 months. Read more »
 
Stocks fall after rough week on Wall Street; Japan's yen slides to two-decade-low
Asian markets and US stock futures fell Sunday night, days after the Dow fell 880 points on a surprising inflation report. Read more »
 
 
 
 
Dow Nasdaq S&P
-876.05   -530.80   -151.23
30,516.74   10,809.23   3,749.63
-2.79%   -4.68%   -3.88%
YTD -16.02%   YTD -30.91%   YTD -21.33%
 
Biggest Winners
Truist Financial Corp +1.50%
 
Duke Realty Corp +0.98%
 
McDonald's Corp +0.46%
 
Domino's Pizza Inc +0.03%
Biggest Losers
Norwegian Cruise Line Holdings Ltd -12.23%
 
Carnival Corp -10.32%
 
Ceridian HCM Holding Inc -10.12%
 
MGM Resorts International -9.91%
Hottest ETF
Hottest ETF
NYSE Market Volume
NYSE Market Volume
Key Market Stats Latest Today's Change
Oil $120.94 +0.27 / +0.22%
Gold $1,820.80 -54.70 / -2.92%
10-yr 3.37% +0.21
Euro $1.04 -0.01 / -0.80%
More Markets Now
 
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