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STOCKS: S&P 500 closes the book on its steepest first-half slide in 52-yearssince 1970

The Star Business LogoThe Star Business1 mo ago

STOCKS: S&P 500 closes the book on its steepest first-half slide in 52-yearssince 1970

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NEW YORK: Wall Street ended lower on Thursday, crossing the finish line of a grim month and quarter, a dismal coda to the S&P 500's worst first half in more than half a century.

Worries over inflation dampening consumer demand and threatening profit margins will have market participants listening closely to forward guidance.

Disposable income inched lower, consumer spending decelerated, inflation remained hot and jobless claims inched higher.


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Article Details

Author / Journalist: The Star Online

Category: Economy

Topics: Nasdaq Markets Stocks Markets /Business/Business News Oil Ukraine Rate Dow Russia Fed Gold

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 05:20:00

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Reading Time: 4 minutes read

Article Length: 619 words

Coverage Area: Malaysia

Availability: Desktop Web, Mobile Web

News ID: 23756

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About The Star Business

The Star Business Logo

Main Topics: Economy

Official Website: thestar.com.my

Update Frequency: 34 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 13h ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

RSS Feed: Available (XML)

Website Security: Secure (HTTPS)

Publisher ID: #22

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