The S&P 500 slid 19%, just missing the dreaded milestone of falling into a bear market -- and that could mean strong future gains for the benchmark index.
The S & P 500 just missed the dreaded milestone of falling into a bear market, and that could mean strong gains for the benchmark index going forward. At one point last week, the S & P 500 was down more than 19% from a record closing high set in early January. However, a bounce on Friday helped the index dodge a bear market – typically defined as a 20% drop from a recent high on a close-to-close basis.
It also rallied 29% after bottoming in October 1990 and 32% after an October 2011 slump. Gains in subsequent three and six months have also been strong. To be sure, Credit Suisse pointed out that the market may not have the Federal Reserve to help it out this time, as it did in many of those prior near misses.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
S&P 500, Nasdaq Composite finish lower Monday after earlier stock gains fizzleU.S. stocks closed mixed Monday, with equities losing steam in the final 15 minutes of trade. The Dow Jones Industrial Average rose about 27 points, or 0.1%, to end near 32,224, after trading almost 300 points higher earlier in the session.
Lire la suite »
About Those Average Million-Dollar Homes In 500 CitiesBreaking down the numbers, and the market conditions, is important to understand what’s going on.
Lire la suite »
Stocks end mostly lower, extending losing streak for S&P 500Stocks closed a wobbly day of trading mostly lower on Wall Street on Monday, extending a losing streak for markets.
Lire la suite »
S&P 500, Nasdaq 100 Under Pressure as Weak Chinese Retail Sales Data Weighs on SentimentGet the latest on the impact of China’s Zero Covid policy on US stocks from DailyFX’s BrendanFagan.
Lire la suite »
American Red Cross giving blood donors tickets to Indianapolis 500 qualificationsThe American Red Cross is holding a blood drive during Fast Friday and giving donors tickets to the Indianapolis 500 Qualifications.
Lire la suite »
Artificial intelligence powered an autonomous cargo ship for an entire 500 milesAs transportation becomes autonomous, maritime navigation is also set for a major change. Systems like Orca AI will help in rapid transitions.
Lire la suite »