S&P 500

The Fed had long been expected to raise rates by half a percentage point, but a JPMorgan Chase research note issued Monday raised speculation the Fed could move ...

But evidence is mounting that households are being forced to cut back amid the surging prices; consumer sentiment plummeted 14 percent in May to a record low according to the University of Michigan’s consumer sentiment index. More than 15,000 tech workers were laid off last month according to data from Layoffs.fyi, the highest since the early days of the pandemic. Transportation and warehousing costs jumped 2.9 percent, suggesting supply chain pressures will continue to weigh on businesses and consumers. The Nasdaq, deep into its own bear market, has shed nearly 31 percent. The Dow Jones industrial average edged up 0.2 percent. Wholesale prices are up 10.8 percent from a year ago, according to a fresh reading of the Producer Price Index on Tuesday, near a record annual pace as inflation puts pressure on every rung of the supply chain.

Stocks that soared during the pandemic rally have been some of the biggest losers in this year's downturn.

You may cancel your subscription at anytime by calling Customer Service. You will be charged $ + tax (if applicable) for The Wall Street Journal. You may change your billing preferences at any time in the Customer Center or call Customer Service. You will be notified in advance of any changes in rate or terms. Stocks that soared during the pandemic rally have been some of the biggest losers in this year’s downturn, a reversal that signals investors’ concerns over the valuations of many risky assets and the broad outlook for inflation and growth.

Investors are rattled by higher-than-expected inflation data ahead of the Federal Reserve board's two-day meeting.

Hong Kong’s Hang Seng Index was down 3.4 percent, while the German DAX index fell 2 percent. But inflation reached a new pandemic-era peak of 8.6 percent Friday, according to the Bureau of Labor Statistics. Stocks sold off in tandem with the Dow losing 2.7 percent. Stocks sold off in premarket trading Monday — with the S&P 500 poised to open in bear market terrain — as investors agitated over inflation ahead of the Federal Reserve’s upcoming meeting.

U.S. stock futures sank Monday after the worst week on Wall Street since January. Bond yields soared as investors braced for the Federal Reserve to increase ...

Shares of the cryptocurrency exchange Coinbase (COIN) sank more than 14% amid the sharp pullback in the prices of bitcoin and other digital assets over the weekend. Wolfe Research downgraded the stock to underperform from peer perform over the weekend. The joint statement backing the deal was signed by 10 Democrats and 10 Republicans. (NBC News) The benchmark 10-year yield later popped to 3.26%. (CNBC) Last week the FDA posted a similar analysis of Moderna's shots for children under 6 years old, ahead of Wednesday's FDA meeting of outside experts. The Fed is in a tough spot, trying to cool things off with tighter monetary policy while trying not to tip the economy into a recession.

Stocks fell sharply on Monday after a stronger-than-expected inflation report spooked investors. The S&P 500 entered a bear market once again after briefly ...

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The stock market tanked Monday morning, with the S&P 500 falling back into bear market territory as investors nervously look ahead to the Federal Reserve's ...

The majority of last week’s losses came on Friday after hotter-than-expected inflation data spooked markets and raised recession fears, with the Dow plunging nearly 900 points in one day. The benchmark S&P 500 is on track to hit a new low point for 2022, falling back into bear market territory on Monday and down more than 20% from its record high at the start of the year. The stock market tanked Monday morning, with the S&P 500 falling back into bear market territory as investors nervously look ahead to the Federal Reserve’s upcoming policy meeting, with last week’s record-high inflation reading leading to a spike in recession fears.

Bear market – a plummet of 20% or more – comes as investors fret about high inflation and possibility of further rate increases.

The last bear market wasn’t that long ago, in 2020, but it was an unusually short one that lasted only about a month. If the two-year yield tops the 10-year yield, some investors see it as a sign of a looming recession. Bitcoin tumbled more than 18% and dropped below $22,700, according to Coindesk. It’s back to where it was in late 2020 and down from a peak of $68,990 late last year. No one thinks the Fed will stop there, with markets bracing for a continued series of bigger-than-usual hikes. The center of Wall Street’s focus was again on the Federal Reserve, which is scrambling to get inflation under control. Traders now see a 34% probability of such a hike, up from just 3% a week ago, according to CME Group.

US stocks have been dumped by investors as they worry more aggressive interest rate rises by the US Federal Reserve could tip the global economy into ...

In Europe, the FTSE 100 index dropped by 1.5 per cent, to 7,206, the DAX in Germany lost 2.4 per cent, to 13,427, and the CAC 40 in Paris fell 2.7 per cent, to 6,022. The Dow Jones index lost 2.8 per cent, to 30,517, and the Nasdaq Composite fell 4.7 per cent, to 10,809. - Meanwhile, the FTSE 100 index dropped 1.5 per cent, to 7,206, the DAX in Germany lost 2.4 per cent, to 13,427, and the CAC 40 in Paris fell 2.7 per cent, to 6,022 When the Australian share market opens today, it is set to plunge, with the futures index — the ASX SPI 200 index — down 2.7 per cent, to 6,631, at 7:20am AEST. - Overnight the S&P 500 index lost 3.9 per cent, to 3,750, the Dow Jones index lost 2.8 per cent, to 30,517 and the Nasdaq Composite fell 4.7 per cent, to 10,809 - Locally, the ASX SPI 200 index fell 2.7 per cent, to 6,631, at 7:20am AEST, while the Australian dollar fell 2 per cent, to 69.21 US cents

Stocks dropped around the world, investors dumped government bonds and cryptocurrencies crashed as the U.S. stock market fell more than 20 percent from its ...

In the early 2000s, stocks began to slide and the economy slowed as the dot-com bubble burst. One of three bear markets in the 1960s preceded a recession. The last bear market, which happened in early 2020 as the coronavirus spread and led to widespread global shutdowns, was the shortest on record. Of course, the stock market can sometimes provide a hint of what will happen in the real world. A staggering number that puts the scale of a bear market in perspective: $7.4 trillion. Despite the market downturn, valuations — the measure of stock prices relative to corporate earnings — “remain far from depressed,” analysts at Goldman Sachs wrote in a recent report. New lockdowns in China due to Covid have weighed on the oil market since China is the biggest importer of crude and petroleum products. Predicting when a bear market will end and the next bull market will start is a fruitless task, with one big exception: Intervention by the Federal Reserve would be a crucial sign of a change in fortune for the stock market. The coin’s $1 peg was underpinned by complex financial engineering that linked it to a sister cryptocurrency called Luna. When the price of Luna plummeted in May, TerraUSD fell in tandem — a “death spiral” that destabilized the broader market. That is sure to increase the sense of unease at the Fed, which is trying to quash high inflation before it changes behavior and becomes a more permanent feature of the economic backdrop. For now, though, battling inflation is the central bank’s main priority, and it has signaled that large rate increases are on the horizon, one of which will probably be announced this week. The Fed hasn’t made such a large move since the early 1990s, and that 2.75 percent upper limit would be the highest the federal funds rate has been since the global financial crisis in 2008.

Since the modern S&P 500 index began in the late 1920s, the average bear market has translated into a 38% price decline lasting an average of almost 19 ...

1/3/2022 3/9/2009 3/23/2020 10/9/2007 10/9/2002 10/11/1990 10/3/1974 12/12/1961 10/7/1966 2/9/1966 3/6/1937 9/7/1929

"U.S. equity markets are reacting negatively to last week's hotter-than-expected reading for inflation," says Sam Stovall, chief investment strategist at CFRA.

In recent weeks, a growing number of executives have sounded warnings about the future of the U.S. economy. The index that tracks the 500 stocks of mostly the largest U.S. companies. Trillions of dollars, including from retirement portfolios, are invested in index funds that make up the stocks of the S&P 500. Stocks are not the only market getting hammered. The S&P 500 slumped nearly 4%, entering a bear market territory, meaning the broad benchmark index has now dropped more than 20% from its most recent high. Stocks have had a miserable year because of inflation fears.

Wall Street is opening the week with more losses, and the S&P 500 has fallen to a level that market observers consider to be a bear market.

It took less than three weeks for stocks to rise 20% from their low in March 2020. The biggest decline since 1945 occurred in the 2007-2009 bear market when the S&P 500 fell 57%. That includes two separate days in the middle of the 2007-2009 bear market where the S&P 500 surged roughly 11%, as well as leaps of better than 9% during and shortly after the roughly monthlong 2020 bear market. If you need the money now or want to lock in the losses, yes. But the pain is spreading widely, with retailers signaling a shift in consumer behavior. Higher rates also make investors less willing to pay elevated prices for stocks, which are riskier than bonds, when bonds are suddenly paying more in interest thanks to the Fed. The risk is the Fed could cause a recession if it raises rates too high or too quickly. Consumer prices are at the highest level in four decades, and rose 8.6% in May compared with a year ago. The central bank has already raised its key short-term interest rate from its record low near zero, which had encouraged investors to move their money into riskier assets like stocks or cryptocurrencies to get better returns. Market enemy No. 1 is interest rates, which are rising quickly as a result of the high inflation battering the economy. The last bear market happened just two years ago, but this would still be a first for those investors that got their start trading on their phones during the pandemic. Big swings have become commonplace and Monday appears to be no exception.

The bear is growling on Wall Street. Monday's stock market drop officially put the S&P 500 stock index in a bear market, meaning it has declined 20% or more ...

The average S&P 500 decline over the course of those bear markets was more than 35%, according to Ned Davis Research. Michael O’Keeffe, chief investment officer at Stifel, predicts the new bear market will be relatively short-lived. “If we are at or near inflation peak inflation then buying at these levels is going to be positive in the long-term.” "But looking out strategically, based on better valuations and still mostly favorable fundamentals, we think the long-term outlook has brightened quite a bit." Despite Monday’s widespread selloff, McDonald’s and Domino's Pizza were among the few stocks that closed higher. Some Wall Street economists, including from JP Morgan, Barclays, and Jefferies, have revised their predictions to align with that.

Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors. The Federal Reserve has signaled ...

When the S&P 500 has fallen 20% at a faster clip, the index has averaged a loss of 28%. The biggest decline since 1945 occurred in the 2007-09 bear market when the S&P 500 fell 57%. That includes two separate days in the middle of the 2007-09 bear market during which the S&P 500 surged roughly 11%, as well as leaps of better than 9% during and shortly after the roughly monthlong 2020 bear market. Many of the best days for Wall Street have occurred either during a bear market or just after the end of one. But the pain is spreading widely, with retailers signaling a shift in consumer behavior. The risk is that the Fed could cause a recession if it raises rates too high or too quickly. Higher rates also make investors less willing to pay elevated prices for stocks, which are riskier than bonds, when bonds are suddenly paying more in interest thanks to the Fed. Market enemy No. 1 is interest rates, which are rising quickly as a result of the high inflation battering the economy. Consumer prices are at the highest level in four decades, and rose 8.6% in May compared with a year earlier. The Nasdaq composite already is in a bear market, down 32.7% from its peak of 16,057.44 on Nov. 19. The most recent bear market for the S&P 500 ran from February 19, 2020, through March 23, 2020. The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest in decades.

Among stocks in the S&P 500 consumer discretionary index , down 67% from its high. The cruise ship company's stock slumped more than 10% on Monday. Within the ...

The S&P 500 is now priced at about 17 times expected earnings, which is in line with its average forward PE over the past 10 years, according to Refinitiv data. Register now for FREE unlimited access to Reuters.com Register now for FREE unlimited access to Reuters.com Over two thirds of S&P 500 stocks were down more than 20% from their own 52-week highs as of Monday's close. The S&P 500 has now tumbled about 22% since its Jan. 3 record high close, confirming it has been in a bear market since hitting that high. Register now for FREE unlimited access to Reuters.com

The S&P 500 Index sank into a bear market on Monday with investors fearing that the Federal Reserve will need to hike interest rates more aggressively to ...

Some big names, such as Halliburton and Exxon Mobil, are slumping on Monday.

Exxon Mobil (XOM), which hit a new all-time high last week, was down 4.5%. Energy stocks were the worst performers in the S&P 500 on Monday, falling 4.5% around midday after dropping as much as 7% during the worst of the morning selloff. Energy Stocks Fall as Much as 7%. They Are Leading the S&P 500 Lower.

Stock futures rose, suggesting U.S. markets were poised for a modest recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in ...

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Wall Street is back in the claws of a bear market as worries about inflation and higher interest rates overwhelm investors. The Federal Reserve has signaled ...

When the S&P 500 has fallen 20% at a faster clip, the index has averaged a loss of 28%. The biggest decline since 1945 occurred in the 2007-2009 bear market when the S&P 500 fell 57%. That includes two separate days in the middle of the 2007-2009 bear market where the S&P 500 surged roughly 11%, as well as leaps of better than 9% during and shortly after the roughly monthlong 2020 bear market. Many of the best days for Wall Street have occurred either during a bear market or just after the end of one. But the pain is spreading widely, with retailers signaling a shift in consumer behavior. Higher rates also make investors less willing to pay elevated prices for stocks, which are riskier than bonds, when bonds are suddenly paying more in interest thanks to the Fed. The risk is the Fed could cause a recession if it raises rates too high or too quickly. Market enemy No. 1 is interest rates, which are rising quickly as a result of the high inflation battering the economy. Consumer prices are at the highest level in four decades and rose 8.6% in May compared with a year ago. The most recent bear market for the S&P 500 ran from February 19, 2020, through March 23, 2020. But the "buy the dip" rallying cry popular after every market slide has grown more fainter — a recent rebound in stock prices was wiped out by a furious bout of selling over the past four days. The Federal Reserve has signaled it will aggressively raise interest rates to try to control inflation, which is the highest in decades.

Futures tied to the S&P 500 gained 0.5% after the broad-market index tumbled 3.9% on Monday. Nasdaq-100 futures climbed 0.7%, suggesting a rise in technology stocks after the opening bell. Dow Jones Industrial Average futures added 0.3%.

- Saks Fifth Avenue:$20 off sitewide + free shipping - Saks Fifth Avenue coupon You may cancel your subscription at anytime by calling Customer Service. Dow Jones Industrial Average futures added 0.3%.

U.S. stock futures bounced after Tuesday's cooler inflation report and ahead of Wednesday's big Fed decision.

(NY Times) Nokia (NOK) was upgraded to buy from neutral at Citi, which cites improving fundamentals for the networking hardware and software maker. National Vision (EYE) soared 14.3% in the premarket following news that it will be added to the S&P SmallCap 600 index. The stock rose 1% in the premarket ahead of a company presentation at today's Deutsche Bank conference. Continental Resources (CLR) rallied 7.4% in the premarket after receiving a $70 per share "take private" bid from Chairman Harold Hamm and his family. Shares of Coinbase fell 7% in the premarket after closing down 11.4% on Monday. (CNBC) Revenue increased 5% to $11.84 billion from a year earlier, driven by growth in the company's cloud infrastructure business, which competes with Amazon Web Services and Microsoft Azure. (CNBC) Bitcoin, trading around $22,000 early Tuesday, has fallen roughly 68% from its all-time in November. (CNBC) Spirit postponed a shareholder voting meeting to June 30 to review the bids. After the Fed's May meeting, which saw rates go up 0.5%, Powell took a 0.75% hike off the table. A correction is defined as a decline of 10% or more from a prior high. Monday's steep sell-off saw the S&P 500 lose 3.9% and the Nasdaq, already in a bear market since March, drop 4.7%. The Dow sank 876 points or 2.8%. The 30-stock average fell further into a correction, down 17% since its January record high.

European markets are important to companies in the index. And big gaps in European bond yields threaten the stability of the global economy.

Second, the widening of spreads between European government bond yields threatens the stability of global economy, which makes investors less willing to take... The widening difference between bond yields in different countries within the euro area affects the S&P 500 in two ways. The S&P 500 isn’t skidding into a bear market simply because of the growl of a more aggressive Fed. European bond spreads are pushing the index down, too, a new computer model shows.

Our call of the day from Adam Kobeissi says three factors will spell the next bottom, and markets haven't seen any of them yet.

Want more for the day ahead? The emailed version will be sent out at about 7:30 a.m. Eastern. “At a high level, we have yet to see a real VIX VIX, -4.17%spike yet and panic selling has not set in year. The Bollinger Band is a momentum indicator that also measures those conditions, along with market volatility. Stocks DJIA, -1.04%SPX, COMP,are modestly higher, led by tech stocks, as bond yields TMUBMUSD10Y, TMUBMUSD02Y,soften some, and the dollar DXY,flattens. So a relief bounce into 3,860, or even 3,950 is possible before “more weak longs are trapped and we head lower toward 3,500.” In a cautious note on IT hardware, Deutsche Bank cut its price target for buy-rated Apple AAPL, +0.07%to $175 from $200, also trimming Hewlett Packard Enteprises HPE,and NetApp NTAP,targets. Oil prices CL.1, BRN00,are modestly higher and gold is slipping. Netflix NFLX, -2.95%extended a recent sharp selloff, after a Benchmark analyst turned bearish on the stock and set the lowest price target on Wall Street. Also in the camp of prescient calls is The Kobeissi Letter’s editor in chief and founder Adam Kobeissi. In a June 6 newsletter, ( shared on this column) he warned followers that 4,090 would mark a “battleground level” for the S&P 500, and failing that was a clear path to 4,050. And possibly even a limit-down day on the S&P 500 would help build a bottom case, he adds. “With growth now the main risk to stocks, our focus remains on names that can deliver on earnings in a very difficult environment for many companies to navigate,” said Wilson. “We continue to like classic late-cycle winners – defensives and energy – and companies with high operational efficiency.”

Market sentiment has gotten so bad on Wall Street that investors on Monday were selling everything. Literally.

This selling has extended well beyond the S & P 500, and stocks in general for that matter. Every single stock in the S & P 500 was down at one point during Monday's session, and only five stocks ended the day in the green. Even at the onset of the Covid-19 pandemic — when the market was under severe pressure — investors would see some stocks going higher on an intraday basis.

The stock market has been getting crushed these past few sessions, taking the market to a new bear market cycle low. The VIX is even getting a little jumpy as a ...

It would appear we have a ways to go before that day comes. But again, this is more cautionary than a pounding the table bullish sentiment. The stock market has been getting crushed these past few sessions, taking the market to a new bear market cycle low.

Stocks are struggling to gain their footing after Monday's selloff which put the S&P 500 in bear market territory. 10-year Treasury yields are soaring.

They also had a relatively reliable warning signal of recession in the bond market flashing on and off. It's called an “inverted yield curve,” and it's been flashing on and off intermittently over the last day. It could be an indication that wholesale inflation peaked in March, according to Jack Ablin, chief investment officer at Cresset Capital Management. But he said that new economic data which demonstrates that inflation hasn't peaked could prompt the central bank to consider a heftier rate hike. That's because rising interest rates makes it more expensive for US consumers to borrow money and repay debt. Cryptocurrency prices continued to swing.

Investors use the term "bear market" to describe a deep and sustained market downturn. It's a decline of 20% or more from recent highs.

Bear markets are a periodic feature of the stock market. "It's a shortcut in language around the financial markets that people use," Charlie Fitzgerald III, an Orlando, Florida-based certified financial planner, said of bear markets. It often portends — but doesn't cause — a recession. To that point, Fed policymakers are entertaining the idea of a 75-basis-point rate increase this week. It's more a symbolic psychological hurdle for investors. It's symbolic psychological hurdle for investors that often portends a recession.

The S&P 500 index has now entered a bear market, but the past offers little guidance.

From January 1973 to October 1974, a period of stagflation due to the oil embargo that caused inflation to spike and economic growth to slow, the S&P 500 lost 48.2%. The index has fallen by 21.8% since its peak in early January. Since 1929, there have now been 15 bear markets of varying length and severity.

As investors grow increasingly worried about inflation and higher interest rates, Wall Street has fallen into a bear market. The US Federal Reserve bank has ...

The S&P 500 index has decreased by an average of 33 percent during bear markets in the same period. Often, bear markets, or the days following them, see some of the best days for Wall Street. In the middle of the 2007-2009 bear market, for example, there were two separate days when the S&P 500 jumped forward by about 11 percent. Historically, bear markets that occur rapidly tend to be shallower, and stocks have usually taken a little more than eight months to fall into a bear market. However, for those in need of money now, or looking to lock in their losses, the answer is yes. That reversal, with higher yields for more short-term bonds, has typically been seen as an indicator of a recession, although the timeline for such a downturn is less certain. If stocks tend to keep up with profits, higher rates also make the elevated price of stocks less attractive. When the economy manages to avoid recession, that number drops to about 24 percent. Record-low interest rates had made it easier for investors to shift money into less stable assets such as stocks and cryptocurrency, hoping for higher returns due to the riskier nature of the investment. This can help curb inflation, but also comes with the risk of triggering a recession if rates go up too much or too quickly. The primary cause of concern among investors is interest rates, which are ticking steadily upwards to combat high levels of inflation that are hammering the economy. Last month, the Fed indicated that new rate increases are likely to occur in the next several months, and could be as much as double the normal increases. Increasingly volatile changes in the value of stocks have become more common.

Stock futures rose, suggesting U.S. markets were poised for a slight recovery after a rout Monday that sent the S&P 500 into a bear market, while shares in ...

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The S&P 500 fell into a bear market on Monday, down more than 20% from its record high on Jan. 3. Many stocks that soared during the pandemic rally, ...

Investors will be closely watching the Federal Reserve’s policy meeting this week. The S&P 500 fell into a bear market on Monday, down more than 20% from its record high on Jan. 3. Stocks that soared during the pandemic rally have been some of the biggest losers in this year’s downturn.

Bear markets can be stressful for investors of all stripes.

It’s a good rule of thumb to stay invested and resist the urge to pull out of the market on down days like these. The average stock market return is 10% per year, and yes, sometimes, like in 2022, it’s lower, and sometimes it’s higher. But they also can (and usually do) end up with worse returns than the market by picking stocks that underperform their indexes. And as of market close Monday, the S&P 500 index officially hit bear market territory. If you’re an investor — not a day trader — you’re in it for the long haul, and you know there will be highs and lows. Bear markets can be stressful for investors of all stripes.