The S&P is on track for its seventh straight weekly decline after getting close to entering a bear market this week.
both had warnings this week about inflation cutting into finances. Discount retailer Ross Stores plunged 22.2% on Friday after cutting its profit forecast and citing rising inflation as a factor.
Why use a bear to represent a market slump? Bears hibernate, so bears represent a market that's retreating, said Sam Stovall, chief investment strategist at CFRA. In contrast, Wall Street's nickname for a surging stock market is a bull market, because bulls charge, Stovall said. The Nasdaq is already in a bear market, down 31% from its peak of 16,057.44 on Nov. 19. The Dow Jones Industrial Average is more than 16% below its most recent peak.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Japan's Nikkei 225 Drops More Than 2% as Asia Stocks Fall Following Tumble on Wall StreetMajor indexes on Wall Street declined more than 3.5% overnight, with the Dow Jones Industrial Average closing at its lowest since March 2021.
Consulte Mais informação »
Asia-Pacific stocks set for lower start following tumble on Wall StreetMajor indexes on Wall Street declined more than 3.5% overnight, with the Dow Jones Industrial Average closing at its lowest since March 2021.
Consulte Mais informação »
GBP/JPY sinks as Wall Street sells off following Target's worst day since Black Monday 1987At 158.20, BP/JPY is down some 2% at the time of writing as risk appetite fades due to concerns about the outlook for global economic growth and risin
Consulte Mais informação »
Wall Street ends sharply lower as Target and growth stocks sinkWall Street ended sharply lower on Wednesday, with Target losing around a quarter of its stock market value and highlighting worries about the U.S. economy after the retailer became the latest victim of surging prices.
Consulte Mais informação »
EXPLAINER: Why is Wall Street close to a bear market?The bears are rumbling toward Wall Street
Consulte Mais informação »
Bitcoin Dipped Below $29K as Wall Street Plunged to Yearly Lows (Market Watch)Bitcoin and most altcoins followed Wall Street south, with the most substantial price declines coming from AVAX, SOL, DOT, ADA, and others.
Consulte Mais informação »