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US stocks shed $9tn in 2022 as Fed tightening spooks investors

Financial Times LogoFinancial Times1 mo ago

US stocks shed $9tn in 2022 as Fed tightening spooks investors

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While that new target implies a roughly 10 per cent rise from the benchmark’s current level, economists at the bank also placed the odds of a global recession at 50 per cent.

MSCI’s index of Asia-Pacific markets has slumped 18 per cent in 2022 in dollar terms.

The market value of the S&P 1500 index, a broad barometer of the US stock market, has tumbled from $45.8tn at the end of 2021 to $36.6tn at the Wall Street closing bell on Wednesday, Bloomberg data show.


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Article Details

Author / Journalist: Naomi Rovnick

Category: MarketsFinanceInvesting

Topics: Inflation Markets Index Financial Year Cent Equities Economic 2022

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-30, 07:49:36

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Reading Time: 5 minutes read

Article Length: 797 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 22109

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About Financial Times

Financial Times Logo

Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 16 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

News Language: English

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Publisher ID: #3

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