Thai PBS Thai PBS
Bear market hits Wall Street as stocks, bonds, crypto dive

Bear market hits Wall Street as stocks, bonds, crypto dive

23 Sept 05:20 Key points summarised by AI
  • The S&P 500 officially entered a bear market, plummeting over 20% from its early-year high, driven by investor fears over a fragile economy and escalating interest rates.
  • A global sell-off across stocks, bonds, and cryptocurrencies is occurring as the Federal Reserve aggressively raises interest rates to combat worsening inflation, with expectations of further significant hikes.
  • This market downturn, impacting high-growth tech stocks and surging U.S. bond yields to decade highs, signals weakening economic optimism and potential recession risks, making loans more expensive.
Read full article
Economy 1/3
Skip > Skip >