Index S&P 500 fell by 3.2 percent. up to 3,991.24 points, Dow Jones Industrial decreased by 2 percent. to 32,245.70 points, a Nasdaq Composite went down 4.3 percent. up to 11,635.25 points Each index was at the lowest level in a year at the close of the session.
At the same time, the yield on 10-year treasury bonds reached the highest level since the end of 2018 and was above 3%.
“All of this is being stimulated and driven by Federal Reserve policies,” Jeff Kilburg of Sanctuary Wealth told CNBC.
A combination of high interest rates and a potential recession spike in inflation is hitting the stock market.
On Monday they lost, among others technology companies: Meta Platforms and Alphabet decreased by 3.7%, respectively. and 2.7 percent Amazon, Apple and Netflix fell by more than 5%, 3%, respectively. and 4 percent, while Tesla by more than 9 percent.
Since the peak of the boom in January 2022, the S&P 500 has dropped more than 16 percent, the Dow Jones has dropped by more than 12 percent since the record from also in January this year, and the Nasdaq Composite lost almost 30 percent. since the peak last November.
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