06/14/2022

Stocks Stabilize Ahead of the Fed’s Upcoming Meeting

Global markets remain on shaky ground

Stocks on Wall Street steadied on Tuesday, a day after a rush of selling pushed the S&P 500 into a bear market, leaving the index more than 20 percent below its recent peak.

The index was unchanged in early afternoon trading, even as European markets reversed their own gains and sunk deeper into the red. Markets in the Asia-Pacific region had recovered from the worst of their declines Tuesday, but still ended lower.

Global markets are on shaky ground as multi-decade highs in inflation, supply-chain shortages and geopolitical tensions weigh on the outlook for growth around the world.

Please select this link to read the complete article from The New York Times.