Investors should brace for more uncertainty this month, analysts warn.
Stocks inched higher on Monday, notching slight gains after trading in negative territory for most of the session: The Dow Jones Industrial Average rose 0.3%, nearly 100 points, while the S&P 500 gained 0.6% and the tech-heavy Nasdaq Composite 1.6%.plunging 900 pointsThe Dow and S&P 500 both closed out their worst month since March 2020 last week, down 4.9% and 8.8%, respectively, while the Nasdaq posted its worst month since 2008, falling over 13%.
The recent “equity collapse” has dealt a “brutal blow” to investor sentiment and it will take “some time for the psychological damage to heal,” says Vital Knowledge founder Adam Crisafulli, who adds, “no one is rushing aggressively to buy the dip.” Amid the tech-driven market sell-off in April, “it's all but guaranteed that we're likely to see continued volatility” going into May, according to a recent note from Bespoke Investment Group.
The “especially vicious” stock market sell-off likely isn't over, Morgan Stanley analyst Michael Wilson on Monday, predicting the S&P 500 could fall another 8% amid ongoing fears about a slowdown in U.S. economic growth.“We’re returning back to a more normalized level of volatility in markets” after years of strong returns as valuations come back down to earth ahead of the Federal Reserve’s upcoming rate hikes, says Mark Freeman, chief investment officer at Socorro Asset Management.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Stock Futures Inch Higher After the Nasdaq Posts Worst Month Since 2008U.S. stock index futures were modestly higher in overnight trading on Sunday.
Weiterlesen »
Crypto Markets Shed $130B, Bitcoin Dumps to 2-Month Low (Market Watch)The crypto market cap is down by $130 billion in two days as bitcoin slid to its lowest price point since early March.
Weiterlesen »
Derivatives, Spot Markets, Dex Swaps — 30 Day Crypto Trade Volumes Slipped Across the Board Last Month – Market Updates Bitcoin NewsCrypto trade volumes in April dropped, and lower than average trade volumes typically suggest overall interest has declined.
Weiterlesen »
With an 'Aggressive' Fed Rate Hike Expected Next Week, Stocks and Crypto Markets Lose Billions – Market Updates Bitcoin NewsThis Wednesday, Federal Reserve policymakers are expected to raise the benchmark interest rate aggressively. Economics Gold Stocks Crypto
Weiterlesen »
Stock Futures Inch Higher After the Nasdaq Posts Worst Month Since 2008U.S. stock index futures were modestly higher in overnight trading on Sunday.
Weiterlesen »
Stock Futures Are Flat After the Nasdaq Posts Worst Month Since 2008Stock Futures Inch Higher After the Nasdaq Posts Worst Month Since 2008
Weiterlesen »