From stocks to crypto, Wall Street is on edge.
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The stock market quickly bounced back from the COVID-19 driven decline in early 2020 and has topped new records, raising concerns over a potential stock market bubble. Is a market correction coming in 2022?
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Frustrated investors got no relief in April as U.S. stock markets fell deeper into the red. The Nasdaq Composite tumbled 13.3% in April, the index’s worst monthly performance since 2008, while the S&P 500 fell 8.8% and ended the month at levels last seen in May 2021.
The sell-off has wrought
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Inflation slows, markets bounce back, and consumers spend confidently in this week’s stock market news.
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Major retailer Target warned of rising cost pressures in its business right after Walmart, triggering the sell-off.
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April's consumer price index showed an 8.3% jump, higher than the 8.1% increase expected by economists polled by Dow Jones.
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Storm clouds appear to be gathering over Wall Street, with many analysts saying a downturn is inevitable. But before the party winds down, some expect an explosive pre-crash rally — known as a "melt-up."
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Somebody cue the stock market's park ranger: Bears are having a picnic on Wall Street this year.
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