Dow slumps 600 points to start the week, S&P 500 falls back into bear market territory

Posted on AllSides June 13th, 2022
From The Center
cnbc.com

Stocks tumbled Monday, pushing the S&P 500 back into bear market territory, as the major averages came off their worst week since January.

The Dow Jones Industrial Average dropped 618 points, or 1.95%, the S&P 500 fell 2.7% and the Nasdaq Composite tumbled 3.5%.

There’s broad selling “and a little bit of fear as to whether the Fed is going to make a misstep and normalize rates too quickly and create a recession,” said Jeff Kilburg, chief investment officer of Sanctuary Wealth.

The S&P 500 hit a new intraday low...

Read full story
Some content from this outlet may be limited or behind a paywall.

CNBC

AllSides Media Bias Rating: Center
AllSides Media Bias Rating: Center
106731/84338
See full bias rating for CNBC
Learn about media bias
https://www.cnbc.com/2022/06/12/stock-market-news-open-to-close.html

More News about Economy and Jobs from the Left, Center and Right

From the Left

From the Center

From the Right