The new date is Sep 6, 2022.
The stock market fell in volatile trading on Tuesday as investors assessed the latest round of better-than- expected economic data which points to more aggressive interest rate hikes from the Federal Reserve.
The stock market continues to fall as investors aren't all that eager to buy the dip.
The S&P 500 was down 0.4% and the tech-laden index was down 0.7%.
The markets initially opened higher after the holiday weekend but soon turned negative despite more strong economic data that showed that the U.S. services sector grew at a faster rate than expected in August
Solid economic data combined with a stronger-than- expected jobs report last Friday has led investors to bet on the Federal Reserve hiking interest rates more aggressively and for a longer period of time.
The ten-year Treasury note jumped as much as 3.35%, while the two-year Treasury rose to as much as 3.51%, adding to the pressure on the stock market.
The technology and energy sectors led the market declines, with some of the only positives coming from real estate, utilities and healthcare stocks.
The CFO of Bed Bath & Beyond died by suicide over the weekend and the company announced an interim appointment on Tuesday.
Vital Knowledge founder Adam says that market psychology is very gloomy and that people aren't all that eager to buy the dip.
The post-jobs report rally on Friday didn't go as well as expected and the stock market fell again Tuesday. Markets have seen a string of losses in recent weeks as investors grow more concerned about the Federal Reserve hiking interest rates. The S&P 500 is now down 18% for the year, not far off from its low point in June.
According to experts at LPL Financial, more evidence of falling inflation will take time to occur. The fourth quarter is going to be a strong one.
The stock market had a third straight week of losses despite a solid jobs report.
The summer rally in the stock market has come to an end.
Bond yields surge as investors bet on more rate hikes.
Market experts predict that the Fed rate hikes will leave little room for soft landing.
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