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Search resuls for: "Samantha Subin Is A Digital News Associate With Cnbc."


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☆ Stocks fall to end Wall Street's worst year since 2008, S&P 500 finishes 2022 down nearly 20%
  + stars: | 2022-12-30 | by ( Jesse Pound | Samantha Subin | Samantha Subin Is A Digital News Associate With Cnbc. | ) www.nbcnews.com   time to read: +2 min
The S&P 500 shed 0.25% to end at 3,839.50. The S&P 500 sank 19.4%, and is more than 20% below its record high, while the tech-heavy Nasdaq tumbled 33.1%. Despite the yearly losses, the Dow and S&P 500 did break three-quarter losing streaks. The tech-heavy Nasdaq, however, muddled through its fourth consecutive negative quarter for the first time since 2001. Communication services was the worst performing sector in the S&P 500 this year, falling more than 40%, followed by consumer discretionary.
☆ Dow tumbles 700 points into bear market territory, sets new low
  + stars: | 2022-09-23 | by ( Samantha Subin | Samantha Subin Is A Digital News Associate With Cnbc. | ) www.nbcnews.com   time to read: +2 min
The Dow Jones Industrial Average fell by 713 points, or 2.4%, falling below 30,000 to a new low for the year. The 30-stock index is now down 20% from its high, known as bear market territory on Wall Street. The S&P 500 fell 2.5% and headed of a new 2022 closing low, while the Nasdaq Composite slid about 2.5%. Goldman Sachs cut its year-end S&P 500 target because of rising rates, predicting at least 4% downside from here. The Dow has given up about 4.5% this week, while both the S&P and Nasdaq have fallen 5.2% and 5.5%, respectively.
☆ Dow drops 500 points as selling increases before Fed rate hike
  + stars: | 2022-09-20 | by ( Samantha Subin | Jesse Pound | Samantha Subin Is A Digital News Associate With Cnbc. | ) www.nbcnews.com   time to read: +1 min
Stocks tumbled on Tuesday as the sell-off on Wall Street mounted and investors braced for another large rate hike due out Wednesday from the Federal Reserve. The Federal Open Markets Committee began its two-day policy meeting on Tuesday, where central bankers are expected to announce a 0.75 percentage point rate hike on Wednesday. Stocks have tumbled in recent weeks as comments from Fed Chair Jerome Powell and an unexpectedly hot August consumer price index report caused traders to prepare for even higher rates until inflation cools. Rates marched higher as equities fell, with the yield on the 2-year Treasury note notching a fresh high dating back to late 2007. Tuesday’s move followed a choppy trading session that saw stocks rise in the afternoon and snap a two-day losing streak.
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