Apple and Amazon.com began in the second week of May on the verge of expanding their six-week loss streak, the longest since the epidemic. Apple (AAPL) and Amazon (AMZN) have lost more than 10% and 30%, respectively, over the past six weeks, amid a broader market that has hit the technology sector even harder as the Federal Reserve did raising interest rates in an effort. to limit inflation. On Monday, Apple fell 3.3 percent, while Amazon fell 5.2 percent.
The stock market may see a change, but the S&P 500 has seen worse. Very Bad. Updated May 9, 2022 7:58 am ET / Original May 9, 2022 1:00 am ET. One out of every six trading days has closed with a gain or loss of 2% or more for the S&P 500 so far this year. The stock market is gaining momentum in 2022, as investors struggle to find where the economy and corporate assets will go amid high interest rates, record highs, Russia’s invasion of Ukraine, and Covid locks China.
Consider this: So far this year, one in every six trading days has closed with a gain or loss of 2% or more for the S&P 500. nflation without causing an economic downturn. Photo courtesy of Barron staff; (reference) Dreamstime. Like Winnie the Pooh at Hundred Acre Wood, investors have come up with a simple world view that everything will be fine. That kind of thinking can lead to damage in a bear market.
The Nasdaq Composite is already in the bear market, and the S&P 500 is likely to do the same, even if it has not met the exact target of a 20% drop yet. The index, then, has fallen 14% since its January all-time high after dropping 0.2% last week, while nearly half of its stock has declined by at least 20%, as they.