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Wall Street poised to clinch bear market as S&P 500 tumbles

Tuesday, June 14, 2022
Wall Street poised to clinch bear market as S&P 500 tumbles © Reuters. FILE PHOTO: A specialist trader is reflected in a screen at his post on the floor of the New York Stock Exchange, August 21, 2015. REUTERS/Brendan McDermid/File Photo

By Caroline Valetkevitch

NEW YORK (Reuters) - The benchmark S&P 500 was down more than 20% from its Jan. 3 record closing high in early trading Monday as investors sold stocks amid worries over whether the Federal Reserve will be able to tame inflation without triggering a recession.

A close of more than 20% below the record high would confirm the index was in a bear market, according to a commonly used definition. It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the COVID-19 pandemic.

Stocks have been volatile since the start of the year, with Russia's invasion of Ukraine in late February also taking a heavy toll on markets.

But increasing worries about inflation and the U.S. central bank's monetary policy tightening as it attempts to quell it have fueled much of the recent sell-off.

On Friday, major U.S. stock indexes posted their biggest weekly percentage declines since January and ended sharply lower on the day after a report showed steeper-than-expected rise in U.S. consumer prices in May.

"Consumer sentiment in the U.S. hit an all-time low in May due largely to higher prices and growing concerns inflation is here to stay," Morgan Stanley (NYSE:MS) equity strategist Michael Wilson wrote in a note Monday.

With a break below the year's low and a move below 3,850, "we see potential downside in the S&P 500 to a little over 3,200," Lori Calvasina, head of U.S. equity strategy at RBC Capital Markets, wrote in a note.

The S&P 500 was last at 3,777.08, down 3.2%.

This year's downturn is a pivotal shift for the market after its swift and strong post-pandemic rally. The S&P 500 rose 114.38% from its closing low on March 23, 2020, to its Jan. 3 record closing high this year.

Earlier this year, the Nasdaq confirmed it was in bear market territory, the first of the three major U.S. indexes to hit such levels.

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30-06-2022 19:44:45 (UTC+7)

EUR/USD

1.0394

-0.0045 (-0.43%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (7)

EUR/USD

1.0394

-0.0045 (-0.43%)

Summary

Neutral

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (0)

Sell (7)

GBP/USD

1.2119

-0.0006 (-0.05%)

Summary

Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (4)

Sell (4)

USD/JPY

136.12

-0.47 (-0.34%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (1)

Sell (9)

AUD/USD

0.6892

+0.0011 (+0.16%)

Summary

Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (3)

Sell (3)

USD/CAD

1.2907

+0.0016 (+0.12%)

Summary

↑ Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (7)

Sell (2)

EUR/JPY

141.48

-1.10 (-0.77%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (0)

Sell (8)

EUR/CHF

0.9954

-0.0017 (-0.17%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (0)

Sell (10)

Gold Futures

1,821.60

+4.10 (+0.23%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (7)

Sell (0)

Silver Futures

20.552

-0.186 (-0.90%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (6)

Sell (0)

Copper Futures

3.7083

-0.0722 (-1.91%)

Summary

↑ Buy

Moving Avg:

Buy (10)

Sell (2)

Indicators:

Buy (10)

Sell (0)

Crude Oil WTI Futures

109.16

-0.62 (-0.56%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (9)

Sell (0)

Brent Oil Futures

111.89

-0.56 (-0.50%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

Natural Gas Futures

6.412

-0.086 (-1.32%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (3)

Sell (5)

US Coffee C Futures

229.45

+1.20 (+0.53%)

Summary

Buy

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (6)

Sell (2)

Euro Stoxx 50

3,438.55

-75.77 (-2.16%)

Summary

↑ Buy

Moving Avg:

Buy (12)

Sell (0)

Indicators:

Buy (8)

Sell (1)

S&P 500

3,818.83

-2.72 (-0.07%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (10)

Sell (0)

DAX

12,705.26

-298.09 (-2.29%)

Summary

Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (4)

Sell (1)

FTSE 100

7,171.90

-140.42 (-1.92%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (2)

Sell (7)

Hang Seng

21,859.79

-137.10 (-0.62%)

Summary

Sell

Moving Avg:

Buy (1)

Sell (11)

Indicators:

Buy (3)

Sell (3)

US Small Cap 2000

1,719.37

-19.47 (-1.12%)

Summary

Neutral

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (4)

Sell (4)

IBEX 35

8,045.31

-142.69 (-1.74%)

Summary

↑ Buy

Moving Avg:

Buy (11)

Sell (1)

Indicators:

Buy (6)

Sell (2)

BASF SE NA O.N.

40.188

-1.392 (-3.35%)

Summary

↑ Buy

Moving Avg:

Buy (9)

Sell (3)

Indicators:

Buy (7)

Sell (1)

Bayer AG NA

56.64

-0.98 (-1.70%)

Summary

↑ Sell

Moving Avg:

Buy (0)

Sell (12)

Indicators:

Buy (2)

Sell (4)

Allianz SE VNA O.N.

181.06

-2.66 (-1.45%)

Summary

↑ Sell

Moving Avg:

Buy (3)

Sell (9)

Indicators:

Buy (1)

Sell (6)

Adidas AG

167.80

-2.22 (-1.31%)

Summary

Sell

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (2)

Sell (6)

Deutsche Lufthansa AG

5.508

-0.305 (-5.25%)

Summary

↑ Sell

Moving Avg:

Buy (2)

Sell (10)

Indicators:

Buy (1)

Sell (9)

Siemens AG Class N

98.21

-3.19 (-3.15%)

Summary

Neutral

Moving Avg:

Buy (6)

Sell (6)

Indicators:

Buy (4)

Sell (3)

Deutsche Bank AG

8.301

-0.270 (-3.15%)

Summary

↑ Buy

Moving Avg:

Buy (8)

Sell (4)

Indicators:

Buy (7)

Sell (1)

 EUR/USD1.0394Neutral
 GBP/USD1.2119Buy
 USD/JPY136.12↑ Sell
 AUD/USD0.6892Buy
 USD/CAD1.2907↑ Sell
 EUR/JPY141.48↑ Sell
 EUR/CHF0.9954↑ Sell
 Gold1,821.60↑ Buy
 Silver20.552↑ Buy
 Copper3.7083↑ Buy
 Crude Oil WTI109.16↑ Buy
 Brent Oil111.89↑ Buy
 Natural Gas6.412Neutral
 US Coffee C229.45Buy
 Euro Stoxx 503,438.55↑ Buy
 S&P 5003,818.83↑ Buy
 DAX12,705.26Buy
 FTSE 1007,171.90↑ Sell
 Hang Seng21,859.79Sell
 Small Cap 20001,719.37Neutral
 IBEX 358,045.31↑ Buy
 BASF40.188↑ Buy
 Bayer56.64↑ Sell
 Allianz181.06↑ Sell
 Adidas167.80Sell
 Lufthansa5.508↑ Sell
 Siemens AG98.21Neutral
 Deutsche Bank AG8.301↑ Buy
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# So hôm qua # Chênh TG
SJC Eximbank6,810/ 6,870
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Cập nhật 30-06-2022 19:44:48
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RON 95-V33.47034.130
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Ngoại tệMua vàoBán ra
USD23.105,0023.415,00
EUR23.704,3925.032,07
GBP27.520,9428.694,87
JPY165,73175,46
KRW15,5118,90
Cập nhật lúc 18:51:16 30/06/2022
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