US stocks suffer longest losing streak

Saturday, 21 May 2022newsdesk

US stocks were hammered again on Friday, pushing Wall Street into bear market status amid inflation and recession fears and leaving investors on their longest losing streak since the Great Depression by at least one key measure.

New Delhi, 21 May 2022

As per news report of Rt.com, the Standard & Poor’s 500 index fell as much as 2.3%, leaving it 21% below the all-time high that it reached in January and essentially ending a bull market run that began in March 2020. The S&P is considered the most accurate measure of US stock market performance, as it’s broader-based than the 30-member Dow Jones Industrial Average, which is made up entirely of blue-chip securities.

Source -Rt.com