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Stock futures slip after the S&P 500’s worst first half since 1970

By BizTech Weekly Jun 30, 2022

For the quarter, the S&P 500 fell more than 16% — its biggest one-quarter fall since March 2020. For the first half, the broader market index dropped 20.6% for its largest first-half decline since 1970. The Dow Jones Industrial Average lost 11.3% in the second quarter, putting it down more than 15% for 2022. The Nasdaq, meanwhile, suffered its biggest quarterly drop since 2008, losing 22.4%. The tech-heavy composite also tumbled into bear market territory, down nearly 32% from an all-time high set in November. The Fed, in turn, has stepped up its efforts against the surge in prices, hiking by 0.75 percentage point in June. . . .

Read more at www.cnbc.com

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