Analysis: Whispers of S&P 500 bear market grow louder as U.S. stock decline continues – Reuters
- Date: 10-May-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Analysis: Whispers of S&P 500 bear market grow louder as U.S. stock decline continues – Reuters
NEW YORK, May 9 (Reuters) - Expectations of a hawkish Federal Reserve are dimming Wall Street’s outlook for stocks, with some investors now bracing for a potential bear market in the benchmark S&P 500 index.
A bear market - often thought of as a 20% or more decline from a high - would mark the end of the pandemic-era rally that sent stocks to record levels on the back of unprecedented stimulus from the Federal Reserve.
After falling 2.5% Monday, the S&P 500 was recently around 16% below its high reached Jan. 3 as it struggles through the worst four-month start to a year since 1939. The Nasdaq Composite index (.IXIC) reached bear market territory in March and is down nearly 26%.
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