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Economy

progree

(11,470 posts)

1. S&P 500 closed up but still in bear market territory: 21.0% down from its Jan 3 all-time high

Reply to Tansy_Gold (Original post)

Wed Jun 15, 2022, 11:05 PM

Jun 2022

The week is still young with 2 long days to go. Hard to say how the 0.75% rate hike will be digested -- with the previous 0.5% rate hike stocks went up and then down the next day or vice versa -- anyway, one can't always judge from the initial reaction, which BTW today was a quick plunge after the 2 pm announcement then a quick rise and fall in the next half hour, and then basically more wiggling to close a little higher than where it was just prior to the announcment.

S&P 500 futures up 0.42% at 1204 AM ET Thursday as I type this (a modest everday sort of magnitude)

https://finance.yahoo.com/quote/%5EGSPC?p=%5EGSPC

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STOCK MARKET WATCH -- Thursday, 16 June 2022 [View all] Tansy_Gold Jun 2022 OP

S&P 500 closed up but still in bear market territory: 21.0% down from its Jan 3 all-time high progree Jun 2022 #1

Uggh, so yesterday the market reaction to 0.75% rate hike was positive, today: plunge city progree Jun 2022 #2

S&P 500 closed down 3.25%, Dow down 2.42% (741 points), Nasdaq down 4.08% progree Jun 2022 #3