After more than a decade of astronomical growth, the stock market has steadily declined since early 2022. On June 13, the S&P 500 plunged into a bear market, closing by slightly less than 4%, representing a 21% drop from Jan. 3 high. Technology and Blue-chip stocks got hit as severely, with the NASDAQ plunging 4.7% and Dow Jones Industrial Average (DJIA) shedding roughly 3%.
Red-hot inflation, volatile market, recession fears, and global uncertainties driven by the Ukrainian war have further exacerbated the situation. Consequently, despite a considerable rebound, investors’ pessimism persists.
