S&P 500 slides closer toward bear market territory as stocks extend losses


U.S. stocks fell deeper into the red Thursday after markets failed to claw back from their worst day since June 2020. The declines extend a recent sell-off in equities ignited by worries the Federal Reserve’s interest rate hikes to rein in persistent levels of inflation may spur an economic slowdown. The S&P 500 slid 0.6%…

Thanks for reading The LBM Daily.
Join LBM Daily Premium or log in to continue reading.
Login Join Now

Articles You May Like

Canadian housing starts trend higher in July
Rakesh Jhunjhunwala’s last stock bet? Share rallies 20% in one session
U.S. builder confidence underwater after falling for 8th consecutive month : NAHB
Chinese property developers’ cash flows have plunged by more than 20%
Q2 2022 Quarterly Mortgage Fraud Brief