The stocks dropped in the last trading session, reversing the last week’s gains. The Dow Jones Industrial Average declined 1.6%, while the S&P 500 and the Nasdaq Composite plunged 2% and 3%, respectively. Also, the stock market seems on track to mark its worst first half in decades.
The major market indices have been under pressure since the beginning of this year due to concerns over the persistently high inflation, the Federal Reserve’s brutal interest rate hikes to tame it, geopolitical instability, and the recession fears.
