In tackling this question, it is good to remember that a fall in the Nasdaq or S. & P. contracts and unemployment rises substantially. But for most people-especially for the nearly half of American adults who don’t own any stocks at all, through individual holdings or index funds-the key question is whether the market slump is simply correcting past excesses or signalling something darker: an oncoming recession in which G.D.P. Of course, this year’s fall has been jarring, especially for investors who loaded up on stay-at-home favorites such as Netflix, Zoom, and Peloton, which are now trading far, far below their pandemic peaks. You might not pick up that message from CNBC or social media, but the numbers don’t lie. Even after the market’s recent slide, investors who have kept their savings in an index fund or maintained a well-diversified portfolio of individual stocks are sitting on substantial gains relative to the pre-coronavirus period. To put it slightly differently, during a period of twenty-seven months in which the economy has been subjected to virtually unprecedented strains-lengthy shutdowns, pervasive supply-chain problems, and, most recently, a global energy-price shock-the stock market, as a whole, has done pretty well. On Monday, the tech-heavy index closed at 11,535.27, which is also about seventeen per cent above its pre-pandemic peak of 9,817.18, which came on February 19, 2020. The performance of the Nasdaq composite has been very similar. On Monday, the index closed at 3,973.75-about five hundred and eighty-seven points, or roughly seventeen per cent, above that pre-pandemic peak. 500, which includes most of the biggest corporations in the country, closed at 3,386.15, an all-time high. On February 19, 2020, about a month before the onset of the pandemic, the S. & P.
The pandemic bubble may have burst, but stock prices are still at very high levels.Ī few numbers tell the story. Outside of the cryptocurrency sector, where there has been genuine carnage, this year’s tumble in stocks has only partially erased the bonanza that investors enjoyed during the first two years of the pandemic, when Wall Street was buoyed by rock-bottom interest rates and a gusher of freshly minted money from the Federal Reserve.
Todays stock market numbers full#
The news media is full of stories about a bear market, which is usually defined as a fall of twenty per cent or more, but what is happening needs to be put into perspective. If the Dow falls again this week, it will be the ninth week in a row: the longest streak since before the Second World War. 500 index was down nearly one per cent, and the Nasdaq composite was down more than two per cent. At the close of trading, the Dow had eked out a small gain, but the broader S. & P. After staging a rally on Monday, when the Dow Jones Industrial Average rose two per cent, the stock market stalled on Tuesday.
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