Widman’s Market Update, May 18, 2022

Market Barometer

US stocks recorded their worst session since June 2020 as poor retail results unnerved traders. In New York, the Dow Jones plummeted 1,164.52 to 31,490.07, the S&P 500 dropped 165.17 to 3,923.68, while the Nasdaq Composite fell 566.37 to 11,418.15. Canada’s main stock index was pulled lower following reports that showed higher-than-expected inflation numbers. In…

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