Various macroeconomic and geopolitical concerns have roiled the stock market so far this year. The Dow Jones Industrial Average has declined 11.9% year-to-date to close the last trading session at 31,990.04, while the S&P 500 and Nasdaq Composite have lost 16.7% and 24.7% year-to-date to close the last trading session at 3,966.84 and 11,782.67, respectively.
Investors and analysts have been worried about a recession as the Federal Reserve maintains its aggressive stance to tame the surging inflation. The Federal Reserve meets today to hike the benchmark interest rates for the fourth time this year, and Street expects the central bank to hike the interest rates again by 75 basis points.
