Wall Street Slides, S&P 500 Posts Worst Month, Quarter Since COVID-19 Outbreak

NEW YORK—Wall Street ended sharply lower on Thursday and the S&P 500 posted its worst month since the onset of the global health crisis, following a tumultuous month and quarter wracked by concerns over COVID-19, inflation fears, and budget wrangling in Washington. The U.S. Senate and House approved a stopgap spending bill to keep the government running late in the session, but after a brief market uptick, stocks resumed their decline, dragging even the Nasdaq into the red after trending higher most of the day. “The market’s been resilient, but the risk tied up in the policy headlines over the debt ceiling, the chaos around these spending bills is weighing on the markets a bit as the quarter comes to a head,” said Ross Mayfield, investment strategy analyst at Baird in Louisville, Kentucky. “In a larger context it’s been pretty mild. We’re coming on the heels of seven ‘up’ months …

Read the full post at The Epoch Times.

Be social. Share!