The market is fearful.

2022-05-25

US STOCKS-S&P 500, Nasdaq Slide As Weak Economic Data, Dire Outlooks Stoke Recession Fears

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Comments

FattAgain69
2022-05-25
FattAgain69
There is no end to fear. When you reached the edge of the cliff and think you can't go further, you can still lean out some more.
JimmySiew
2022-05-25
JimmySiew
yes
Jameslim29
2022-05-25
Jameslim29
Ya

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Even so, the S&amp;P 500 ended just 2.2 percentage points above confirming it has been in a bear market since reaching its all-time high on Jan. 3.&#34;As we step back and acknowledge the primary market catalysts, it’s really been about the Fed pivot and the change in interest rates, which have influenced prices across the capital markets,&#34; said Bill Northey, senior investment director at U.S. Bank Wealth Management in Helena, Montana.&#34;In the last two weeks, we’ve seen some degree of macroeconomic deterioration starting to be manifested in corporate earnings and economic releases.&#34;Much of the sell-off was driven by a profit warning from Snap Inc , which sent the company&#39;s shares plummeting 43.1%, sparking contagion throughout the social media segment.<a href=\"https://laohu8.com/S/FB\">Meta Platforms Inc</a>, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc</a>, <a href=\"https://laohu8.com/S/TWTR\">Twitter Inc</a> and <a href=\"https://laohu8.com/S/PINS\">Pinterest Inc</a> were down between 5% and 24%, and the broader S&amp;P 500 Communications Services sector (.SPLRCL) slid 3.7%.Global supply chain disruptions have been exacerbated by Russia&#39;s war with Ukraine, sending inflation to multi-decade highs.The U.S. Federal Reserve has vowed to aggressively tackle persistent price growth by hiking the cost of borrowing, and minutes from its most recent monetary policy meeting, expected on Wednesday, will be parsed by market participants for clues regarding the speed and extent of those actions.Investors currently expect a series of 50-basis-point rate hikes over the next several months, fueling fears that the central bank could push the economy into recession, a scenario that is increasingly being baked into analyst projections.&#34;Tomorrow we look to the FOMC minutes for any signs that the approach to monetary policy may lean further hawkish or dovish than was laid out at the last meeting,&#34; U.S. Bank Wealth Management&#39;s Northey said.Data released on Tuesday painted a picture of waning economic momentum, with new home sales plunging and business activity decelerating.Fed Chair Jerome Powell&#39;s counterpart in Frankfurt, European Central Bank President Christine Lagarde, said she expects the ECB deposit rate to be raised at least 50 basis points by the end of September.The Dow Jones Industrial Average (.DJI) rose 48.38 points, or 0.15%, to 31,928.62; the S&amp;P 500 (.SPX) lost 32.27 points, or 0.81%, to 3,941.48; and the Nasdaq Composite (.IXIC) dropped 270.83 points, or 2.35%, to 11,264.45.Six of the 11 major sectors of the S&amp;P 500 ended the session in negative territory, with communication services and consumer discretionary (.SPLRCD) suffering the biggest percentage losses.Apparel retailer <a href=\"https://laohu8.com/S/ANF\">Abercrombie &amp; Fitch Co</a> tumbled 28.6% after posting a surprise quarterly loss and cutting its annual sales and margins outlook.Work-from-home darling <a href=\"https://laohu8.com/S/ZM\">Zoom Video Communications Inc</a> jumped 5.6% following its full-year profit hike due to solid enterprise demand.Declining issues outnumbered advancing ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 2.37-to-1 ratio favored decliners.The S&amp;P 500 posted three new 52-week highs and 40 new lows; the Nasdaq Composite recorded 17 new highs and 443 new lows.Volume on U.S. exchanges was 11.78 billion shares, compared with the 13.33 billion average over the last 20 trading days.</body></html>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>US STOCKS-S&P 500, Nasdaq Slide As Weak Economic Data, Dire Outlooks Stoke Recession Fears</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUS STOCKS-S&P 500, Nasdaq Slide As Weak Economic Data, Dire Outlooks Stoke Recession Fears\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\nReuters \n2022-05-25 06:26\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><ul><li>Snap Inc tumbles, profit fears hit rival social media companies</li><li>Abercrombie &amp; Fitch slumps after lowering revenue outlook</li><li>Indexes: Dow up 0.15%, S&amp;P down 0.81%, Nasdaq slides 2.35%</li></ul>(Reuters) - The S&amp;P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors&#39; risk appetite.All three major U.S. stock indexes pared their losses in afternoon trading, with the blue-chip Dow turning positive. Even so, the S&amp;P 500 ended just 2.2 percentage points above confirming it has been in a bear market since reaching its all-time high on Jan. 3.&#34;As we step back and acknowledge the primary market catalysts, it’s really been about the Fed pivot and the change in interest rates, which have influenced prices across the capital markets,&#34; said Bill Northey, senior investment director at U.S. Bank Wealth Management in Helena, Montana.&#34;In the last two weeks, we’ve seen some degree of macroeconomic deterioration starting to be manifested in corporate earnings and economic releases.&#34;Much of the sell-off was driven by a profit warning from Snap Inc , which sent the company&#39;s shares plummeting 43.1%, sparking contagion throughout the social media segment.<a href=\"https://laohu8.com/S/FB\">Meta Platforms Inc</a>, <a href=\"https://laohu8.com/S/GOOGL\">Alphabet Inc</a>, <a href=\"https://laohu8.com/S/TWTR\">Twitter Inc</a> and <a href=\"https://laohu8.com/S/PINS\">Pinterest Inc</a> were down between 5% and 24%, and the broader S&amp;P 500 Communications Services sector (.SPLRCL) slid 3.7%.Global supply chain disruptions have been exacerbated by Russia&#39;s war with Ukraine, sending inflation to multi-decade highs.The U.S. Federal Reserve has vowed to aggressively tackle persistent price growth by hiking the cost of borrowing, and minutes from its most recent monetary policy meeting, expected on Wednesday, will be parsed by market participants for clues regarding the speed and extent of those actions.Investors currently expect a series of 50-basis-point rate hikes over the next several months, fueling fears that the central bank could push the economy into recession, a scenario that is increasingly being baked into analyst projections.&#34;Tomorrow we look to the FOMC minutes for any signs that the approach to monetary policy may lean further hawkish or dovish than was laid out at the last meeting,&#34; U.S. Bank Wealth Management&#39;s Northey said.Data released on Tuesday painted a picture of waning economic momentum, with new home sales plunging and business activity decelerating.Fed Chair Jerome Powell&#39;s counterpart in Frankfurt, European Central Bank President Christine Lagarde, said she expects the ECB deposit rate to be raised at least 50 basis points by the end of September.The Dow Jones Industrial Average (.DJI) rose 48.38 points, or 0.15%, to 31,928.62; the S&amp;P 500 (.SPX) lost 32.27 points, or 0.81%, to 3,941.48; and the Nasdaq Composite (.IXIC) dropped 270.83 points, or 2.35%, to 11,264.45.Six of the 11 major sectors of the S&amp;P 500 ended the session in negative territory, with communication services and consumer discretionary (.SPLRCD) suffering the biggest percentage losses.Apparel retailer <a href=\"https://laohu8.com/S/ANF\">Abercrombie &amp; Fitch Co</a> tumbled 28.6% after posting a surprise quarterly loss and cutting its annual sales and margins outlook.Work-from-home darling <a href=\"https://laohu8.com/S/ZM\">Zoom Video Communications Inc</a> jumped 5.6% following its full-year profit hike due to solid enterprise demand.Declining issues outnumbered advancing ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 2.37-to-1 ratio favored decliners.The S&amp;P 500 posted three new 52-week highs and 40 new lows; the Nasdaq Composite recorded 17 new highs and 443 new lows.Volume on U.S. exchanges was 11.78 billion shares, compared with the 13.33 billion average over the last 20 trading days.</body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2238309639","content_text":"Snap Inc tumbles, profit fears hit rival social media companiesAbercrombie & Fitch slumps after lowering revenue outlookIndexes: Dow up 0.15%, S&P down 0.81%, Nasdaq slides 2.35%(Reuters) - The S&P 500 and the Nasdaq finished in the red on Tuesday as worries that aggressive moves to curb decades-high inflation might tip the U.S. economy into recession dampened investors' risk appetite.All three major U.S. stock indexes pared their losses in afternoon trading, with the blue-chip Dow turning positive. Even so, the S&P 500 ended just 2.2 percentage points above confirming it has been in a bear market since reaching its all-time high on Jan. 3.\"As we step back and acknowledge the primary market catalysts, it’s really been about the Fed pivot and the change in interest rates, which have influenced prices across the capital markets,\" said Bill Northey, senior investment director at U.S. Bank Wealth Management in Helena, Montana.\"In the last two weeks, we’ve seen some degree of macroeconomic deterioration starting to be manifested in corporate earnings and economic releases.\"Much of the sell-off was driven by a profit warning from Snap Inc , which sent the company's shares plummeting 43.1%, sparking contagion throughout the social media segment.Meta Platforms Inc, Alphabet Inc, Twitter Inc and Pinterest Inc were down between 5% and 24%, and the broader S&P 500 Communications Services sector (.SPLRCL) slid 3.7%.Global supply chain disruptions have been exacerbated by Russia's war with Ukraine, sending inflation to multi-decade highs.The U.S. Federal Reserve has vowed to aggressively tackle persistent price growth by hiking the cost of borrowing, and minutes from its most recent monetary policy meeting, expected on Wednesday, will be parsed by market participants for clues regarding the speed and extent of those actions.Investors currently expect a series of 50-basis-point rate hikes over the next several months, fueling fears that the central bank could push the economy into recession, a scenario that is increasingly being baked into analyst projections.\"Tomorrow we look to the FOMC minutes for any signs that the approach to monetary policy may lean further hawkish or dovish than was laid out at the last meeting,\" U.S. Bank Wealth Management's Northey said.Data released on Tuesday painted a picture of waning economic momentum, with new home sales plunging and business activity decelerating.Fed Chair Jerome Powell's counterpart in Frankfurt, European Central Bank President Christine Lagarde, said she expects the ECB deposit rate to be raised at least 50 basis points by the end of September.The Dow Jones Industrial Average (.DJI) rose 48.38 points, or 0.15%, to 31,928.62; the S&P 500 (.SPX) lost 32.27 points, or 0.81%, to 3,941.48; and the Nasdaq Composite (.IXIC) dropped 270.83 points, or 2.35%, to 11,264.45.Six of the 11 major sectors of the S&P 500 ended the session in negative territory, with communication services and consumer discretionary (.SPLRCD) suffering the biggest percentage losses.Apparel retailer Abercrombie & Fitch Co tumbled 28.6% after posting a surprise quarterly loss and cutting its annual sales and margins outlook.Work-from-home darling Zoom Video Communications Inc jumped 5.6% following its full-year profit hike due to solid enterprise demand.Declining issues outnumbered advancing ones on the NYSE by a 1.28-to-1 ratio; on Nasdaq, a 2.37-to-1 ratio favored decliners.The S&P 500 posted three new 52-week highs and 40 new lows; the Nasdaq Composite recorded 17 new highs and 443 new lows.Volume on U.S. exchanges was 11.78 billion shares, compared with the 13.33 billion average over the last 20 trading days.","news_type":1},"isVote":1,"tweetType":1,"viewCount":61,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":19,"xxTargetLangEnum":"ORIG"},"commentList":[{"id":101962269,"gmtCreate":1653450085358,"gmtModify":1663250178034,"authorId":4107015407846850,"author":{"id":4107015407846850,"authorId":4107015407846850,"name":"FattAgain69","avatar":"https://community-static.tradeup.com/news/a4e3d511c15de9227ee9ebca3021f903","vip":1,"currentWearingBadge":{"badgeId":"a83d7582f45846ffbccbce770ce65d84-1","templateUuid":"a83d7582f45846ffbccbce770ce65d84","name":"Real Trader","description":"Completed a transaction","bigImgUrl":"https://static.tigerbbs.com/2e08a1cc2087a1de93402c2c290fa65b","smallImgUrl":"https://static.tigerbbs.com/4504a6397ce1137932d56e5f4ce27166","grayImgUrl":"https://static.tigerbbs.com/4b22c79415b4cd6e3d8ebc4a0fa32604","redirectLinkEnabled":0,"hasAllocated":1,"isWearing":1,"stampPosition":0,"hasStamp":0,"allocationCount":1,"allocatedDate":"2022.02.13","individualDisplayEnabled":0,"individualDisplaySort":0,"categoryType":1100},"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9026750779,"type":1,"supId":0,"prevId":0,"content":"There is no end to fear. When you reached the edge of the cliff and think you can't go further, you can still lean out some more.","text":"There is no end to fear. When you reached the edge of the cliff and think you can't go further, you can still lean out some more.","html":"There is no end to fear. When you reached the edge of the cliff and think you can't go further, you can still lean out some more.","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"valid","coins":0,"score":0},{"id":101957629,"gmtCreate":1653437775584,"gmtModify":1663250158841,"authorId":3578176602660058,"author":{"id":3578176602660058,"authorId":3578176602660058,"name":"JimmySiew","avatar":"https://static.tigerbbs.com/865217a1248da3f0d11fd05e9280c2a7","vip":1,"crmLevel":2,"crmLevelSwitch":1,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9026750779,"type":1,"supId":0,"prevId":0,"content":"yes","text":"yes","html":"yes","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0},{"id":101957648,"gmtCreate":1653437830422,"gmtModify":1663250156857,"authorId":3563070726162010,"author":{"id":3563070726162010,"authorId":3563070726162010,"name":"Jameslim29","avatar":"https://static.tigerbbs.com/753b3384fa57ecc8b7314cedcb5ed66e","vip":1,"crmLevel":4,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":9026750779,"type":1,"supId":0,"prevId":0,"content":"Ya","text":"Ya","html":"Ya","likeSize":0,"commentSize":0,"subComments":[],"verified":10,"allocateAmount":0,"commentType":"invalid","coins":0,"score":0}],"isCommentEnd":false,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/9026750779"}