US Stocks Record Worst First-Half Slump For 50 Years
2022-07-01
US Stocks Record Worst First-Half Fall In 50 Years
Global stocks down amid war and recession fears, while household incomes are falling.
US stock markets have suffered the sharpest first-half slump in 50 years, with the S&P 500 down by 20.6% and the tech-heavy NASDAQ tumbling 30% in the last six months.
London and Wall Street shares were down again this week as markets react to fears of a global downturn.
On Thursday the FTSE was down nearly 2% and the NASDAQ was down 3.65% after recovering slightly from previous sell-offs.
Why the markets matter to you?
· Taxes
· Investment
· Jobs
· Pensions and Savings
· Confidence
The market correction means billions has been wiped off the value of quoted companies, mutual funds, unit trusts and pension funds.
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2. How to manage money
3. How to invest money
4. How to protect money
5. How to borrow money and use debt
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