Wall Street Sees Worst Carnage Since 2020

Wall Street Sees Worst Carnage Since 2020

The stock market saw a brutal series of selloffs last week.

Wall Street investors’ nerves came amid disappointing inflation news and a decision from the Federal Reserve to aggressively raise interest rates. While the Dow Jones Industrial Average and the Nasdaq Composite fell 4.8% over the course of the week, the S&P 500 was down 5.8% — marking its worst week since 2020, according to CNBC.

Last Monday, a yield curve inversion — a phenomenon in the bond market that Wall Street watches as a recession indicator — rocked the financial world. An inverted yield curve historically precedes recessions by six months to two years, as indicated by data from the Federal Reserve Bank of St. Louis.


Another series of selloffs occurred during the week ending on June

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