The S&P 500, which fell more than 3% in late morning trading, fell bearish in the market zone on Monday – triggered by a drop of more than 20% at the last level – with some optimistic news on the horizon. and not so much. Right. Three main fronts: rising inflation, rising interest rates and the war between Russia and Ukraine.
The Nasdaq, with its highest concentration of tech stocks, has been in a bear market for months.
The DJIA is now down 700 points, at least at its lowest point, while the Nasdaq and Russell 3000 are also in the red in response to heavy losses on Friday after inflation hit a 40-year low. It is one of the toughest segments of the market and the worst opening of the week in recent years as inflation affects consumers and businesses, in part due to the war, which has caused delays in global energy markets and grain supplies.
A series of interest rate hikes by the Federal Reserve to cool the situation had no apparent impact. The Fed will begin its final two-day meeting on Tuesday, where it is expected to raise rates by half a percentage point for the second consecutive month. But it looks like we now think the central bank was behind the interest rate curve and considering a bigger hike when it announces it Wednesday.
The balance is that if interest rates are too high, this could push the country into a recession.
All sectors are also punished with crypto sinking (Bitcoin was at its lowest level since late 2020).
In the media Warner Bros. Discovery and Paramount fell more than 7%; AMC Networks and Netflix are down 6%, Lionsgate 5%, Disney 4%, Fox 3% and Comcast 2%.
Roku, Fubo, and Snap all fell by around 10%. Amazon, Meta Alphabet and Apple are in decline, most of them Amazon.
The show beats, despite the stellar box office, where there are two large summer tents Jurassic world domination Y Top Gun: Maverick It continues to swarm the world box office. AMC Entertainment discounted 10%, Imax 7% and Cinemark and Marcus 5% and 3% respectively.
! function (f, b, e, v, n, t, s) {if (f.fbq) return; n = f.fbq = function () {n.callMethod? n.callMethod.apply (n, arguments): n.queue.push (arguments)}; if (! f._fbq) f._fbq = n; n.push = n; n.loaded =! 0; n.version = ‘2.0’; no. queue = []; t = b.createElement (e); t.asinc =! 0; t.src = v; s = b.getElementsByTagName (e)[0]; s.parentNode.insertBefore (t, s)} (window, document, ‘script’, ‘https://connect.facebook.net/en_US/fbevents.js’); fbq (‘initialization’, ‘422369225140645’); fbq (‘trace’, ‘PageView’);
Source: Deadline
Elizabeth Cabrera is an author and journalist who writes for The Fashion Vibes. With a talent for staying up-to-date on the latest news and trends, Elizabeth is dedicated to delivering informative and engaging articles that keep readers informed on the latest developments.
