May 12, 2022, 04:04pm
The S&P 500 index fell to a new low for the year on Thursday, continuing one of the worst starts to a year in history.
Negative investor sentiment is weighing on markets.
The stock market failed to bounce back from recent losses, as the S&P 500 lost 1.7% and the tech-laden Nasdaq lost 1.6%.
The benchmark S&P 500 index hit a new low for the year of 2022, and is now at the edge of a bear market, having fallen 20% from its record highs in January.
The Federal Reserve is trying to raise interest rates and tighten monetary policy in response to growing concerns about an economic slowdown caused by surging inflation.
The last five weeks have seen stocks fall in a row, as well as uncomfortably high pricing pressures.
Apple, Disney, and Facebook-parent Meta were all down by 1% or more.
The shares of GameStop and AMC Entertainment surged by more than 30% and 20%, respectively, on Thursday before paring back their gains.
The market tone is increasingly dour, and stocks are for sale in all corners of the globe.
Almost 20%. That's how much the S&P 500 has fallen so far this year, putting the benchmark index on the edge of bear market territory. The stock market has dropped in the next few years.
The degree of market loss this year is staggering, according to Mark Hackett, Nationwide's chief of investment research.
Markets were dragged lower by a red-hot inflation report.
The stock selloff continues as the Fed continues.
Wall Street thinks of Mcdonald's, Dollar General, and Visa.
Despite the market selloff, meme stocks are on the rise.
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