A drop in shares of European lender Credit Suisse sparked fears that banking turmoil is spreading around the world.
The markets have rallied this year as investors believe inflation will continue to ease and that the economy will avoid a recession – but it could end in tears.
As market jitters declined over protests in China set off by growing public anger over COVID-19 restrictions, Asian shares were mostly higher Tuesday.
All three indexes fell after worse-than-expected inflation data raised expectations the Fed will need to continue raising interest rates aggressively to bring prices under control.
Robinhood – the company that became a household name during the pandemic – is cutting staff, citing a deteriorating economy and worsening market.
Many first-time investors bought Bitcoin and other cryptocurrencies as they neared all-time highs, and crypto companies spent millions on marketing. Today, they are coping with painful losses.
Private companies are sitting on the sidelines in 2022 after a record setting year of initial public offerings fueled by cheap borrowing.
All that whipsawing on Wall Street in the first half of the year reflects real nervousness. Investors are worried the Fed may tip the economy into a recession.
Stocks sank a day after the Federal Reserve delivered its biggest rate hike since 1994.
Stocks fell sharply on Monday after a stronger-than-expected inflation report spooked investors. The S&P 500 entered a bear market once again after briefly dipping into one last month.
She became one of Wall Street's most successful stock pickers during the pandemic, with millions of followers in social media, but Wood is struggling this year and facing intense scrutiny.
The S&P 500, one of the broadest stock market indexes, entered a bear market during Friday's trading. That means it had fallen a stunning 20% from a recent high in January.
The Dow fell by more than 1,000 points as retailers' earnings reports reflected difficulty navigating higher prices and supply chain bottlenecks.
Stocks continue to slump on fears about inflation – and whether the Federal Reserve can bring down prices without sparking a recession.
The declines come a day after the Federal Reserve raised interest rates by the most in over two decades as it embarks on a high-stakes fight to bring down inflation.