• About Us
  • Contact Us
  • Cookie policy (EU)
  • Home
  • Privacy Policy
  • Video
  • Write for us
Today Headline
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
  • HOME
  • NEWS
    • POLITICS
    • News for today
    • Borisov news
  • FINANCE
    • Business
    • Insurance
  • Video
  • TECHNOLOGY
  • ENTERPRISE
  • LIFESTYLE
    • TRAVEL
    • HEALTH
    • ENTERTAINMENT
  • AUTOMOTIVE
  • SPORTS
  • Travel and Tourism
No Result
View All Result
TodayHeadline
No Result
View All Result

Stock futures fall slightly with S&P 500 teetering on edge of a bear market – CNBC

May 13, 2022
in News
0
Stock futures fall slightly with S&P 500 teetering on edge of a bear market – CNBC
0
SHARES
1
VIEWS
Share on FacebookShare on Twitter

Stock futures were little changed on Thursday evening as investors geared up for the S&P 500 to potentially slide into official bear market territory.

Futures tied to the Dow Jones Industrial Average shed 9 points, or less than 0.1%. S&P 500 futures and Nasdaq-100 futures were marginally higher.

On Wednesday, the S&P 500 and Dow bounced off their intraday lows but still fell 0.1% and 0.3%, respectively. The S&P closed down more than 18% from its all-time high, and will be in an official bear market if that loss deepens to 20%. The Dow has declined for six straight trading sessions.

The Nasdaq squeaked out a gain of less than 0.1% on Wednesday, but the tech-heavy index is already in a bear market, down more than 29% from its all-time high.

The stock market has been slumping for months, starting with high-growth unprofitable tech stocks late last year and spreading to even companies with healthy cash flows stocks in recent weeks. On Thursday, Apple fell into a bear market of its own, becoming the last of the Big Tech names to succumb to the sell-off.

The decline has wiped much of the rapid gains stocks enjoyed off their pandemic lows in March 2020.

“Large deviations from long-term price trends have been used for bubble identification. We find that US equities have been in a bubble based on this metric, and are now exiting it,” Citi strategist Dirk Willer said in a note to clients on Thursday.

One reason that stocks have struggled in recent months is high inflation, and the Federal Reserve’s attempts to contain prices by raising rates. Fed Chair Jerome Powell told NPR on Thursday that he couldn’t guarantee a “soft landing” that brought down inflation without causing a recession.

Though stocks enjoyed a two-week rally after the Fed’s first rate hike in March, those gains were quickly erased by a brutal April and the selling has continued in May. There are some signs, such as investor sentiment surveys and some stabilization in the Treasury market this week, that the market could be near, but many investors and strategists say the market may need to take another sizable step down.

“You’re getting this market that really is begging for a bottom, for a relief rally. But, at the end of the day, there really hasn’t been a capitulation day,” said Andrew Smith, chief investment strategist at Delos Capital Advisors.

Developments in cryptocurrencies have also unnerved Wall Street this week, with bitcoin falling well below $30,000 and stablecoins struggling to hold their peg.

On the economic data front, Friday features a read on April import prices and an early look at May consumer confidence.

Previous Post

Surging GOP candidate Kathy Barnette has long history of bigoted statements against gays and Muslims – CNN

Next Post

Homeland Security Secretary Alejandro Mayorkas defends Biden's border policy

Related Posts

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ
News

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ

https://www.tmz.com/2022/05/15/kourtney-kardashian-travis-barker-married-for-real-santa-barbara/

Read more
Pittsburgh Penguins center Sidney Crosby, goalie Tristan Jarry back in lineup for Game 7 – ESPN
News

Pittsburgh Penguins center Sidney Crosby, goalie Tristan Jarry back in lineup for Game 7 – ESPN

https://www.espn.com/nhl/story/_/id/33921984/pittsburgh-penguins-center-sidney-crosby-goalie-tristan-jarry-back-lineup-game-7

Read more
Fatal shooting: 2 killed and 3 taken to hospital in shooting at flea market in north Harris County, HCSO says – KTRK-TV
News

Fatal shooting: 2 killed and 3 taken to hospital in shooting at flea market in north Harris County, HCSO says – KTRK-TV

https://abc13.com/shots-fired-fatal-shooting-flea-market-north-harris-county/11853515/

Read more
Mass shooting at Buffalo supermarket was a racist hate crime, police say – CNN
News

Mass shooting at Buffalo supermarket was a racist hate crime, police say – CNN

https://www.cnn.com/2022/05/15/us/buffalo-supermarket-shooting-sunday/index.html

Read more
Replacement Theory, a Fringe Belief Fueled Online, Is Refashioned by G.O.P. – The New York Times
News

Replacement Theory, a Fringe Belief Fueled Online, Is Refashioned by G.O.P. – The New York Times

https://www.nytimes.com/2022/05/15/us/replacement-theory-shooting-tucker-carlson.html

Read more
Load More
Next Post

Homeland Security Secretary Alejandro Mayorkas defends Biden's border policy

  • Trending
  • Comments
  • Latest
6 Injured After Small Plane Crash Lands on Miami Bridge, Hitting SUV and Catching Fire – NBC 6 South Florida

6 Injured After Small Plane Crash Lands on Miami Bridge, Hitting SUV and Catching Fire – NBC 6 South Florida

Six times actors really romped in sex scenes that make 365 DNI look tame

Six times actors really romped in sex scenes that make 365 DNI look tame

STUFFED GREEN PEPPERS – The Southern Lady Cooks

STUFFED GREEN PEPPERS – The Southern Lady Cooks

Horror as goat gives birth to ‘humanoid kid’ with baby-like face

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ

Pittsburgh Penguins center Sidney Crosby, goalie Tristan Jarry back in lineup for Game 7 – ESPN

Pittsburgh Penguins center Sidney Crosby, goalie Tristan Jarry back in lineup for Game 7 – ESPN

About Us

Todayheadline the independent news and topics discovery
A home-grown and independent news and topic aggregation . displays breaking news linking to news websites all around the world.

Follow Us

Latest News

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Lunar Eclipse 2022: What Are The Myths And Precautions For Chandra Grahan? – NDTV

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Holy Cow. Plants Actually Grow in Lunar Stuff – Newser

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ

Kourtney Kardashian & Travis Barker Married (For Real) in Santa Barbara – TMZ

  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

No Result
View All Result
  • Real Estate
  • Education
  • Parenting
  • Cooking
  • Travel and Tourism
  • Home & Garden
  • Pets
  • Privacy & Policy
  • Contact
  • About

© 2021 All rights are reserved Todayheadline

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

Posting....