S&P 500 tumbles nearly 4% to new low for the year, closes in bear market territory

CNBC ^ | 6/13/2022 | Samantha Subin

[Tell It Right]

The Dow Jones Industrial Average dropped 980 points, or about 3.14% and the Nasdaq Composite tumbled about 4.8%. Major averages hit their lows of the session in the final 30 minutes after a Wall Street Journal report suggested the Fed would consider raising rates by 0.75% on Wednesday, more than the half point increase currently expected.

[Sequoyah101]

Given where it is with just the raising of rates this little bit... add more rate increases and recession and then what?

The democraps have absolutely wrecked the markets and the economy.

[RayChuang88]

That’s when other shortages start to hit due to effect of high fuel prices.