Stocks Return to Earth, With the S&P 500 Nearing a Bear Market
Michael Corkery • May 13, 2022
The market has been producing double-digit returns for investors, even at moments of great national strife. But the party has ended and it may be a long time before it begins again.
Jerome Powell, the Fed chair, said the central bank is prepared to raise rates more quickly and higher if price pressures fail to fade.
Gas prices cooled down slightly in April but were still at elevated levels, while oil prices remain volatile.
