Home Stock Market 5 buying and selling days accounted for 94% of the S&P 500’s decline in 2022 : shares

5 buying and selling days accounted for 94% of the S&P 500’s decline in 2022 : shares

0
5 buying and selling days accounted for 94% of the S&P 500’s decline in 2022 : shares

[ad_1]

Full Article

1. September 13 – S&P 500 down 4.3%

The inventory market had its worst day of the 12 months after the August client value index report confirmed inflation working hotter than anticipated, at 8.3% year-over-year in comparison with expectations of 8.0%.

2. Could 18 – S&P 500 down 4.0%

A giant earnings miss from Goal highlighted shifts in client spending patterns, provide chain points, and rising enter prices. This was simply someday after Walmart warned traders about the identical points. Goal closed down 25% that day.

3. June 13 – S&P 500 down 3.9%

The Could CPI report confirmed inflation working hotter than anticipated, at 8.6% year-over-year in comparison with expectations of 8.3%. This present day threw the S&P 500 into bear market territory for the primary time in 2022, with the index down 21.8% from its January 3 highs.

4. April 29 – S&P 500 down 3.6%

A giant first-quarter earnings miss from Amazon, mixed with lowered steering, despatched the market reeling and pushed Amazon inventory down 14%, its worst one-day decline since 2006. The sell-off despatched different mega-cap tech shares spiraling downwards as properly.

5. Could 5 – S&P 500 down 3.6%

The inventory market reversed sharply decrease, giving again the prior day’s large achieve that was sparked by Fed Chair Jerome Powell’s comment that policymakers weren’t contemplating rate of interest hikes of greater than 50 foundation factors. The Fed would go on to lift rates of interest by 75 foundation factors simply six weeks later as inflation was nonetheless working scorching.

[ad_2]

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here