US Stocks Suffer Worst Year Since 2008

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U.S. stocks in 2018 suffered their worst annual performance in a decade after closing on Monday.

Despite making gains on Monday, the S&P 500 finished 2018 down 6.2 percent, while the Dow Jones Industrial Average was down 5.6 percent.

Those drops marked the worst year for U.S. stocks since the 2008 financial crisis, when the S&P 500 fell 38.5 percent and the Dow dropped 33.8 percent.

The S&P 500 and the Dow also fell 13.97 percent and 12 percent in the quarter, according to CNBC.

Read more at The Hill.

{Matzav.com}

3 COMMENTS

  1. Thank Powell of the fed for destroying the fantastic rise of the market earlier in the year due to his Democratic based insanity and hatred for Trump based on Democrat demonization

  2. My svara says that the market has been inflated since interest rates were at close to 0% since 2008. When interest rates are 0% the only place to put money is the stock market (and maybe the long term bond market). This makes everything risky. Any raise in the rate(which could only go up) would push the stock (and bond market too, lchora) down.

    So all the stocks were inflated with the extra cash. But 0% interest is not healthy or normal. So the rates have to go up. The stock market will have big downward pressure, every time the rates are raised. The down market says little about the economy in general and more about how government messes thing up for people by making cash worthless to save by lending it at 0%.

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