Stocks plunged because investors are terrified ofinflation,which is now a reality. The Dow Jones Industrial Average fell 681.50 points,or 1.99%,to close at 33,587.66. The SP 500 plunged 89.06 points,or 2.15%,to end at 4,063.04,and the Nasdaq Composite dropped 357.75 points,or 2.67%,to close at 13,031.68.
Why does the stock market keep going down?
Inflation complicates the current investing landscape. It erodes the value of money that’s not invested, while rising interest rates will decrease the value of existing bond allocations, and various stock market sectors have taken a beating this year. “Our advice is to be selective in this environment,” says Ripley.
Will the market continue dropping?
The current valuations in the US stock markets have no future. They are going to give negative returns for the next three to five years if all this continues the way it is going. Then as the federal reserve has promised that there will be two hikes in 2023 that will throttle the markets like never before.
What to do if your stocks are all falling?
Watching your stock portfolio plummet can be scary,but don’t panic during bear markets.The best thing to do is nothing and stick to your long-term plan,since the market will go back up.You can also rebalance,buy defensive stock,or do dollar-cost averaging instead of making drastic moves.Read more from Personal Finance Insider.
What does it mean when the NASDAQ is down?
When the Nasdaq is said to be down, that usually means that the Nasdaq Composite Index, an investment index comprised of some of the largest companies on the Nasdaq stock exchange, is losing…
Should you use the market correction to buy value stocks?
It is a macro led bull market correction. Time to look at value stocks now
How many points did the Sensex lose after nosediving?
After nosediving 3,204 points during the day, Sensex settled 2,919.26 points lower at 32,778.14.
How many points did the Sensex plunge?
Sensex plunges 1,066 points: Key factors that dragged markets lower. Bluechip indices have rallied for 10 straight days, the biggest rally in 13 years, and have shown signs of fatigue in the last few days.
Why is the selloff so unsettling?
One of the reasons why this selloff is so unsettling is the difficulty of pointing to familiar culprits, be they economic, geopolitical or corporate-related.
What is special situations investing?
Special situations investing is a strategy that one uses to take advantage of certain corporate events that throws up money-making opportunities for short periods, says Gaurav Sud of Kanav Capital Advisors.How to make the most out of stock market crash?
How long should the government wait to look at the scenario?
The Chairman of IIFL Group says the government should wait for a week or two , look at the scenario and then come out with a comprehensive package, which can aim to minimise or mitigate job losses to start with.
What is the second wave of infection in India?
The second wave of infection in India has resulted in reimposition of lockdown in several parts of the country, meaning business disruptions. Moreover, the rise in yields is likely to result in outflows.
Stock Market Uncertainty on Oil and Fed Policy
The price of oil is central to the impact of Russia’s war since crude prices drive up inflation and slow down the economy. What happens with the price of oil will also have a big impact on whether the Fed pursues aggressive interest rates hikes starting at the upcoming March FOMC meeting.
Global Leaders Talk Sanctions on Russia, NATO on High Alert
U.K. Prime Minister Boris Johnson wasted little time this morning saying that his government would impose its “largest ever” economic sanctions on Russia, including freezing the assets of all major Russian banks, limiting cash held by Russian nationals in U.K. banks and sanctioning more than 100 individuals and entities.
CPI Inflation Flashed Warning Signs for the Fed
The recent January CPI report indicated that prices rose 7.5% in January year over year, registering the highest annualized growth in CPI inflation since February 1982.
Retail Trading Activity Tracker
What is Retail Trading Activity Tracker? This dataset tracks the daily buying and selling activity of retail investors at the ticker level.
Powering trading and investment strategies for a full range of exchange-listed equities in the US, Nordics and Canada.
Investing During Volatility
What to do when the markets are volatile? Here are two primers to get you through the market’s roller coaster.
What items were purchased on Cyber Monday?
Hot Wheels, Just Dance 2022 and Apple (AAPL) AirPods were the most popular items purchased on Cyber Monday.
How old do you have to be to get a booster shot?
Currently, Americans 18 and older are eligible for booster shots.
Is Square a neutral stock?
Bank of America upgrades Square to neutral from underperform and reiterates Twitter at buy after Jack Dorsey stepped down at TWTR. The stocks are lower.
Who is leaving Facebook?
Facebook’s David Marcus announces his departure, saying ‘my entrepreneurial DNA has been nudging me.’
Who is the CEO of Gettr?
Gettr CEO Jason Miller accuses Jack Dorsey of censoring opinions he doesn’t like and canceling users.
Does the gaming retailer have a balance sheet?
The gaming retailer has a strong balance sheet and the flexibility to change its business model — but exactly what that looks like remains a question.
Is Robinhood a public company?
WISH has a bit of a momentum following, Robinhood has to pay up according to FINRA and SentinelOne is officially a public company. Here are some of the stories that TheStreet’s Katherine Ross is watching.