Tuesday , August 9 2022
Kwork.ru - услуги фрилансеров от 500 руб.
Home / WORLD / US stocks off to worst start in over 50 years

US stocks off to worst start in over 50 years

US stock futures continued to decline Friday morning after the worst start to a year in decades. The Dow Jones Industrial Average is down 0.7% in pre-market trading, while the S&P 500 and Nasdaq 100 are sliding 0.67% and 0.59% respectively.

Stock extended losses from Thursday’s session, with the Dow down 15.3% so far this year marking its worst first-half performance since 1962. The S&P 500 index ended the first half of 2022 lower by 20.6% for its worst start to a year since 1970. The Nasdaq’s 29.5% drop so far in 2022 marked its worst first half on record.

Kwork.ru - услуги фрилансеров от 500 руб.

The steep first-half losses come as investors are grappling with the risks of an economic downturn and tighter monetary policy, as the US Federal Reserve responds to inflation with aggressive interest-rate hikes. The Fed hiked the key interest rate by 0.75 of a percentage point in June, marking the biggest rate increase since 1994.

© 2022, paradox. All rights reserved.

Check Also

Explosions reported near airbase in Crimea

Residents of the Crimean town of Novofedorovka have shared images of explosions at a nearby …

Leave a Reply

Your email address will not be published. Required fields are marked *