The markets fall again. The S&P reaches a 52-week low.
The markets took another major hit today, continuing last week’s bear market.
US stocks fell sharply on Monday, pushing the S&P 500 below 4000 for the first time in over a year as traders anticipate a new load of bad news on inflation and earnings.
The Dow (INDU) fell about 654 points, nearly 2%. The S&P 500 (SPX) dropped 3.2%, and the Nasdaq Composite (COMP) lost about 4.3%.
At one point, the 10-year Treasury note hit 3.19%, its highest yield since late 2018.
The moves follow an incredibly volatile week on Wall Street and marks the fifth straight week of losses for all three major US stock indexes.
The Biden economy is failing and he has no idea where he is at. Last week the markets dropped over 1,000 points on Friday. Today they dropped more than 6oo points.
BIDEN ECONOMY: Markets Rocked – DOW Down More than 1,000 Points – NASDAQ Down 5%
Inflation is at all-time or 40-year highs depending on how you look at it. Interest rates are rising which will slow down the economy. The US Debt is over $30 trillion. Everywhere Biden turns his economy is a failure.