Wall St. ends lower, Dow confirms bear market
STORY: The Dow Jones Industrial Average fell 329 points and right into a bear market on Monday…
as all three of Wall Street’s main indexes plummeted amid ongoing investor fears that the Federal Reserve's aggressive campaign against inflation could throw the U.S. economy into a sharp downturn.
The Dow ended the day down 1.1%, the S&P lost 1% and the Nasdaq dropped 0.6%.
The S&P confirmed in June it was in a bear market, the Nasdaq in March.
Investor confidence has been shaken by the Fed and Chair Jerome Powell signaling last week that high interest rates could last through 2023.
Christian Ledoux is Director of Individual Securities and Research at CAPTRUST.
“Our view is that the current level of interest rates is sufficient to bring down inflation, but it takes time. A lot of this is just a matter of time. The higher rates that are in the market will have their effect, and it’s incredibly frustrating for investors to have to wait for the Fed to signal the all-clear. And it’s also unclear from Powell’s comments what exactly the all-clear signal is going to be based on.”
In individual movers, gains in Amazon and Costco helped limit losses in the Nasdaq.
And shares of casino operators Wynn Resorts, Las Vegas Sands Corp and Melco Resorts & Entertainment jumped after Macau planned to open to mainland Chinese tour groups in November for the first time in almost three years.
相關影片推薦
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音61,809 次觀看・7 小時前
- 2:55遊北海道帝王蟹遭掉包 台遊客:喊報警店家才承認華視影音53,644 次觀看・7 小時前
- 1:20退伍軍人暈倒送醫赫見背刺「捐器官」願望 遺愛助四人民視影音29,747 次觀看・9 小時前
- 1:540423地震重創花蓮壽豐 鄉長不救災竟在日本參訪華視影音7,028 次觀看・10 小時前
- 進擊的荷包進擊的荷包59,645 次觀看・1 週前
- 1:33日本明星公河馬是「女兒身」 天王寺動物園養七年才發現Yahoo奇摩(國際通)18,246 次觀看・9 小時前
- 1:50背刺青「要器捐」 老兵捐心.肝.腎 助4患者TVBS新聞網影音23,881 次觀看・9 小時前
- 1:42離譜! 處方箋出現不雅字眼 基隆醫院發聲明道歉民視影音179,249 次觀看・23 小時前
- 3:26一分鐘報天氣 / 週五 (04/26) 鋒面再度東移南壓 週五六降雨再增 中南部留意較大雨勢Yahoo奇摩新聞(報氣象)3,801 次觀看・6 小時前
- 1:38西澳再發生鯨魚大規模擱淺 直擊140頭鯨魚海灘掙扎求生、26頭已死亡Yahoo奇摩(國際通)2,322 次觀看・7 小時前
熱門必看
- 5:43精華|結婚意願最高的同志星座?雙子超瘋一言不合就結婚!?唐綺陽談星室29,583 次觀看・17 小時前
- 10:362024巴黎奧運即將開打 先去希臘朝聖奧運起源地吧!Yahoo創作摩人9,184 次觀看・1 天前
- 1:58LE SSERAFIM這首Easy的現場安可為什麼唱不好?第一個原因是音域!#學唱歌 #歌唱教學 #reaction #KPOP #lesserafim嘎老師 Miss Ga6,433 次觀看・4 天前
- 10:16【日本入境必看】VISIT JAPAN WEB 完整教學!2024 年最新版吉田社長交朋友23,406 次觀看・3 天前
- 0:16朝聖宜蘭網美咖啡廳!頭城開幕咖啡廳板橋Edenx食旅6,977 次觀看・2 天前