Congratulations, you just lived through the stock market's worst first half since the Nixon administration.
The S&P 500 dropped 20.6% in the first half of 2022, as the Fed launched a tough rate-hiking campaign to counter inflation.This year, of the 11 industrial "sectors" that comprise the S&P 500, just one posted a gain so far. Energy stocks rose 29.
2%, on soaring crude oil and gasoline prices.The carnage in the S&P wasn't as bad as in the tech-heavy Nasdaq, which has fallen 29.5% so far in 2022.Inflation — and whether the Fed ramps up its rate-hiking plans in response to it — will be a major driver of the market's direction for the next few months.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow futures down over 300 points as losing first half closes and Fed's favorite inflation gauge loomsStocks are looking at the worst first-half of a year since 1970, with investors weighed by worries over inflation, recession and central banks.
Read more »
Investors lose confidence worldwide as aggressive rate hikes drive market volatility higher, State Street data saysGlobal markets are set to close out the worst first half since 1970 on fears monetary tightening will lead to recession.
Read more »
Stocks slide, with Wall Street closing out worst first half since 1970On the last day of June, the S&P 500 index is on track for its worst first half of the year since 1970.
Read more »
Wall Street plunges, S&P 500 set for worst first-half since 1970U.S. stocks tumbled on Thursday, setting the S&P 500 for its worst first six months since 1970, on concerns that central banks determined to tame inflation will hamper global economic growth.
Read more »
US stock market sees worst first-half slide in 50 yearsStocks plummet and S&P 500 sees worst first half in more than half a century as US data shows persistently high inflation pinching consumer spending
Read more »
S&P 500 posts worst first half since 1970, Nasdaq falls more than 1%Worries about inflation, a potential recession and the Federal Reserve's response to it have made for a wild ride in the first half of 2022.
Read more »