Stock Market Faces Massive Losses, Dipping $5 Trillion in Just Three Weeks - Business,Finance,markets,
Stock Market Faces Massive Losses, Dipping $5 Trillion in Just Three Weeks
The stock market is in turmoil as it has shed a staggering $5 trillion over the past three weeks, marking a major setback for investors. This is the fourth consecutive negative week for both the S&P 500 and Nasdaq, and the Dow experienced its worst weekly decline since March 2023.
While the weather warms up in many parts of the country, Wall Street seems to be heading into uncertain territory, possibly nearing a bear market. The Russell 2000, which tracks smaller companies, has plunged more than 18% since November, with fears that it could soon hit the 20% threshold indicating a bear market.
So, what’s behind the sharp downturn? A mix of rapidly shifting tariff policies, government spending cuts, and general uncertainty in the market are fueling investor anxiety. Retailers have slashed their revenue projections, and consumer sentiment has hit its lowest point since 2022, with inflation expectations climbing.
Despite the recent market dive, there was a slight rebound yesterday, signaling that investors are still trying to figure out just how deep the risks are.
In the midst of all this uncertainty, gold prices surged to an all-time high of $3,000, as investors flock to safer assets.
Will the market rebound, or are we headed for deeper losses? Let us know your thoughts in the comments below!
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