Fears over the Federal Reserve’s expected interest rate hikes later this year frightened investors in January, prompting a market-wide selloff that has led some experts to voice concerns about an impending bear market. The S&P 500 index has fallen 7% throughout January as more than 350 stocks fell into the red, putting the index close to correction territory, which is defined as a drop of 10% or more from an all-time high. Moderna now leads the market as the worst performer of the month, losing 37% in January, with Netflix coming close behind with a 36% loss. Read More...
Fears over the Federal Reserve’s expected interest rate hikes later this year frightened investors in January, prompting a market-wide selloff that has led some experts to voice concerns about an impending bear market. The S&P 500 index has fallen 7% throughout January as more than 350 stocks fell into the red, putting the index close to correction territory, which is defined as a drop of 10% or more from an all-time high. Moderna now leads the market as the worst performer of the month, losing 37% in January, with Netflix coming close behind with a 36% loss.
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