There was a new article published on July 5, 2022.
The stock market fell on Tuesday, adding to recent losses as investors return from the holiday weekend with renewed fears of a looming recession, while shares ofTesla slumped after the electric vehicle maker reported less deliveries than last quarter.
Markets are choppy and investors are anxious.
The S&P 500 lost 2% and the tech-laden Nasdaq lost 1.8% as the stock market fell.
Markets are coming off of their worst first half of a year since at least 1970, with the S&P 500 in bear market territory as surging inflation and rate hikes from the Fed stoke rising recession risks.
The Euro fell to a 20-year low against the U.S. dollar on Tuesday as global recession fears continued to rise despite the U.S. markets being closed for the July 4th holiday.
In the second quarter of 2022, the company said it had sold just over 250,000 electric vehicles, a drop from the 310,000 it sold in the first quarter.
With the company struggling to ramp up deliveries and posting numbers that were less than expected, the stock could plunge by the end of the year.
With the benchmark 10-year Treasury note falling in recent days, it is now trading close to the 2-year yield and signaling a potential yield curve inversion, a closely watched recession indicator on Wall Street.
According to a recent note, stocks are poised to open in the red for the quarter. Concerns of natural gas shortages heading into the winter months in Europe put the likelihood of a recession as close as possible with only one question: how long and how deep.
Adam says most people are still looking at market advances with skepticism. He says investors are anxious about earnings.
There is a lot of data this week. The June jobs report is expected to show job growth slowing to 250,000 non-farm payrolls added from 385,000 in May. Minutes from the Federal Reserve's policy meeting will be released on Wednesday.
The first half of a year has been the worst for stocks.
These are the best and worst performing stocks of the year.
The bear market could recover faster than the stock market.
Consumer confidence is hitting a new low and the recession fears are still going strong.
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