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
- 1:18美馬戲團大象逃脫 穿梭車陣民眾驚呼 馬路秒變野生動物園Yahoo奇摩(國際通)32,405 次觀看・1 天前
- 6:11強震來臨這3個縣市最危險 李鴻源曝災防都更因「票房毒藥」難行今天誰來沛268,734 次觀看・1 天前
- 1:53加拿大史上最大黃金盜竊案逮6人 加航「內鬼」偽造空運單 400公斤黃金恐已熔化售出Yahoo奇摩(國際通)37,900 次觀看・1 天前
- 1:13柯建銘質詢一半突喊「我看不到」計時器 透露眼睛病變華視影音8,253 次觀看・1 天前
- 2:02英國女遊台南「喝全糖珍奶」 嚇壞驚呼:天大錯誤華視影音315,286 次觀看・2 天前
- 1:1126歲抗癌網紅因胃癌去世 生命最後5個月沒吃沒喝娛樂星聞60,709 次觀看・3 天前
- 1:15謝和弦不認偷吃陳芳語嗆前妻記錯人!自爆出軌對象是「她」秒遭Keanna打臉娛樂星聞17,015 次觀看・1 天前
- 23:55台積電法說會登場 投資人關心加碼美國新廠風險 但面對拜登和川普搶當美國保護主義隊長 川普幕僚密謀促貶美元 拜登祭301調查要提高中國商品關稅 台積電等於買了保險|鏡轉全球 #鏡鏡新聞1,205 次觀看・1 天前
- 1:17情侶吵架「氣到跳車」 女友摔翻滾5圈慘死|#鏡新聞鏡新聞2,625 次觀看・2 天前
- 1:41土耳其「身障狗狗列車」出動 天天載毛孩外出兜風、感受世界風光Yahoo奇摩(國際通)63,011 次觀看・1 天前