Between January to April this year, the S&P 500 posted its worst performance since 1939. The stock market has been grappling with recession fears amid mounting inflation, the Fed’s anticipated interest rate hike, COVID-19 lockdowns in parts of China, and the Russia-Ukraine war. The Dow was down 9% over April, while the tech-heavy Nasdaq Composite declined 21%.
However, the market has opened favorably this month. On Monday, the Dow rose 84 points, the S&P 500 gained 0.6%, while the Nasdaq increased 1.6%. However, the stock market remains under pressure, with the Federal Reserve widely expected to raise interest rates by 50 basis points soon and to provide further indications regarding its tightening monetary policy plans.
