S&P 500 Finishes Off Worst First Half Of Any Year Since 1970

Stock prices dropped sharply this week as the SPDR S&P 500 ETF Trust (NYSE: SPY) completed its worst first half of any year in more than half a century.

The S&P 500 dropped 20.6% in the first six months of 2022, its worst performance in the first two quarters since 1970. The Dow Jones Industrial Average is also down more than 14% year-to-date, while the tech-heavy Nasdaq has fallen roughly 30%.