Prices on the
So far in 2022, the Nasdaq has fallen 27%; the S&P 500, 17%, and the
At the close,
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Banamex in stride.
While technologies were falling, gains in other sectors were being offset. The chip manufacturer Nvidia lost 1.1% and technology companies had a great influence on the market’s direction due to their large size.
As investors worried about inflation and high interest rates, the sector became a drag on the stock market. Retail chains were also down; Amazon gave up 1.3% and
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At the same time, energy and health sector companies reflected a solid rise; Chevron increased 2.7% and Eli Lilly advanced 3.6%.
Why is Wall Street plummeting?
Stock traders anticipated an economic slowdown and credit restrictions due to a rate hike to control inflation.
Prices are rising rapidly around the world, forcing central banks to raise interest rates, even though this could have an impact on GDP.
This was compounded by other problems such as the 9% rise in consumer prices in the
The report from the
Adding to these inflation-triggered problems were
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For this reason, Target shares plummeted 24.9%, and a day later
The Walton family reeled financially, plummeting its fortune nearly
Not any analyst is willing to predict yet the end of the sales wave after a strong first five months of 2022 for risk assets, taking into account the great uncertainty the world is experiencing in macroeconomic terms.