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Stock markets fall to lowest levels of 2022 on inflation, COVID worries
Cbsnews ^
| 05/09/2022
| CBS/AP
Posted on 05/09/2022 6:10:03 PM PDT by ChicagoConservative27
Stock markets plunged to their lowest level in more than a year on Monday, extending a five-week rout as investors weighed the prospect of interest rate hikes and China's COVID-19 lockdowns.
The Dow fell 654 points, or nearly 2%, to close at 32,246. The broad-based S&P 500 fell 3.2%, to 3,991, while the heavy-tech Nasdaq lost 4.3%.
It's the fifth straight week of losses for the S&P 500 — its longest losing streak since 2011, according to data provider FactSet.
(Excerpt) Read more at cbsnews.com ...
TOPICS: Business/Economy; Culture/Society; Government; News/Current Events
KEYWORDS: anthonyfauci; anwr; bidenflation; covid; covidstooges; fall; inflation; keystonexl; obamacare; opec; stock; vaccinemandates
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To: lgjhn23
They closed Main Street...and now they’re plundering Wall Street.
21
posted on
05/09/2022 7:10:08 PM PDT
by
lightman
(I am a binary Trinitarian. Deal with it!)
To: ChicagoConservative27
“COVID worries”??!!!!
FFS, people cannot be stupid and gullible to buy this steaming sh*t sandwich again, can they?
Unfortunately, I’m pretty sure they can.
22
posted on
05/09/2022 7:31:05 PM PDT
by
Sicon
("All animals are equal, but some animals are more equal than others." - G. Orwell)
To: AnotherUnixGeek
I got out fully soon after dementia Joe became president. Nibbled on index funds today.
23
posted on
05/09/2022 8:42:55 PM PDT
by
entropy12
(The best MAGA president in my 62 years in USA as adult, Donald J Trump!)
To: End Times Sentinel
Did no one tell you stock markets fluctuate?
If you want steady prices buy CD’s.
24
posted on
05/09/2022 8:46:00 PM PDT
by
entropy12
(The best MAGA president in my 62 years in USA as adult, Donald J Trump!)
To: dsrtsage
I finally decided to check my Vanguard accounts this morning. I kinda know how those guys who jumped out of windows in 1929 felt now. Thanks Joe!
Yup. Pretty much everything is at a 52-week low, except for a few select natural resources funds.
25
posted on
05/09/2022 8:47:22 PM PDT
by
Antoninus
(Republicans are all honorable men.)
To: TnTnTn
I thought ‘inflation is a good thing’…according to rat talking points…
It's good if you're in debt. Great if you're 10s of trillions of dollars in debt.
26
posted on
05/09/2022 8:50:50 PM PDT
by
Antoninus
(Republicans are all honorable men.)
To: End Times Sentinel
I put a large chunk of my 401k into a guaranteed income plan. But, I’d say talk to your Plan manager (assuming you have a 401k).
27
posted on
05/09/2022 10:56:07 PM PDT
by
Paul R.
(You know your pullets are dumb if they don't recognize a half Whopper as food!)
To: ChicagoConservative27
Republican’s can defeat Biden and the Rat’s in the midterms by buying Billboards along all interstates with Joe’s image of I DID THIS pointing to the current High price of Diesel and gas. The other side of the billboard should have a picture of the Democrat Congressman or Senator who is running for reelection. Stick it to the Rats....
American’s will get pissed off with looking at the I DID THIS BILLBOARD.
28
posted on
05/10/2022 10:47:28 AM PDT
by
ncfool
(Joe Biden USSA.. United Socialist state of aMeriKa...... 11.3.2020 - President in waiting Kama-la-la)
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