The stock market has been on a rollercoaster ride this year. The Dow has declined nearly 2%, while the Nasdaq Composite has retreated approximately 4.3%. The S&P 500 declined 3.2%, to below the 4,000 mark for the first time in over a year, as investors anticipated further bad news about U.S. inflation.
The stock market is facing heightened volatility on concerns about the prospects of the global economy amid sky-high inflation, rising interest rates, and supply chain issues. Stocks are approaching a bear market, with the S&P now 16.8% below its January 3 record through Monday. So, well-known companies with a history of sustained success and large market capitalizations, also known as blue-chip companies, might be good bets to navigate a volatile market.
