Industries

Dow plunges to nearly two-year low

10 days ago   |   By RT

The S&P 500 fell to its lowest level this year, while the Nasdaq is down 20% since March
The Dow Jones Industrial Average plummeted to its lowest point in nearly two years on Friday, falling 2.5% to 29,335 in afternoon trading, with every component stock seeing a decline.
The index has lost over 13.7% of its value since the Federal Reserve began raising interest rates in March in an effort to rein in runaway inflation.
The S&P 500 also took a nosedive, dropping to its lowest point of the year at 3,667, a decline of more than 15% since March. The Nasdaq fell to 10,847, down 20% since...
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Hedge funds ramp up market bets as volatility brings the asset class back into favor

Hedge funds ramp up market bets as volatility brings the asset class back into favor

10 days ago   |   By CNBC

Hedge funds' total gross trading flow had the largest notional increase since 2017 last week heading into the Fed's rate decision, according to Goldman's data.
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Investors should brace for 'unsettling volatility' and the S&P 500 is headed back to June lows as dysfunction is growing across markets, Mohamed El-Erian says

10 days ago   |   By Business Insider

Mohamed El-Erian. REUTERS/Daniel Munoz
Markets need to brace for "unsettling volatility," Mohamed El-Erian told CNBC on Friday.
The top economist predicted the S&P 500 could retest June lows due to signs of dysfunction in US Treasuries and money markets.
He warned investors not to ignore the gloomy macro backdrop, despite some attractive stock names.
Investors need to brace themselves for "unsettling volatility," and the S&P 500 could head back to June lows, top economist Mohamed El-Erian said, warning of upcoming turbulence to stocks. "I think there's value under some very attractive...
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