Stocks plummeted on Thursday.
 | THU, JUN 16, 2022 | | | |
| DOW | | NAME | LAST | CHG | %CHG | | AAPL | 130.06 | -5.37 | -3.97% | | INTC | 37.34 | -1.31 | -3.39% | | MSFT | 244.97 | -6.79 | -2.70% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 130.06 | -5.37 | -3.97% | | AMD | 82.05 | -7.25 | -8.12% | | AMZN | 103.66 | -4.01 | -3.72% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 130.06 | -5.37 | -3.97% | | AMD | 82.05 | -7.25 | -8.12% | | AMZN | 103.66 | -4.01 | -3.72% | |
| |
|
Stocks plummeted on Thursday, ending Wednesday's short-lived rally on the brink of the Federal Reserve's 75 basis point interest rate hike. All eyes were on the Dow Jones Industrial Average, which slumped 741 points and dropped below the 30,000 mark for the first time since January 2021 as investors worried that the Fed's hawkish approach to taming inflation could bring a recession. All sectors of the S&P 500 ended the day with losses, leaving little room for investors to hide out as fears of a slowdown lingered. Some investors searched for signs of hope in the market frenzy. |
The indiscriminate selling rocking Wall Street may signal a bottom is ahead, said Ryan Detrick, chief market strategist at LPL Financial. "One thing you want to see for a pure bottom is everything to get hit," he said. "That's a recipe that's needed for a real bottom to happen." Since World War II, the average bear market without a recession typically bottomed around 24%, which is near where the S&P 500 ended Thursday's session, Detrick noted. "We expect a very difficult summer, but ultimately we think the market is going to bottom before the real economy does and once the earnings really come down you can step back into this," said BNY Mellon Wealth Management's Alicia Levine Thursday on CNBC's "Closing Bell: Overtime." |
|
|
|
Tidak ada komentar:
Posting Komentar