Stock Market Breaks Winning Streak After Data Reveals ‘Worrying Deterioration’ In Economy (2024)

Breaking

3 hours ago

Elon Musk’s SpaceX Developing Spy Satellite Network For The U.S., Report Says

3 hours ago

Three Killed In Philadelphia Suburb Shooting Spree, Police Say Gunman Is Barricaded In New Jersey Residence

3 hours ago

Israel-Hamas Cease-Fire Talks Will Resume As Netanyahu Approves Rafah Invasion

4 hours ago

Jemperli Cancer Drug: What To Know As GSK Says It Improves Survival For Uterine Cancer Patients

6 hours ago

Mega Millions Jackpot Hits $875 Million: Here’s What The Winner Would Take Home After Taxes

19 hours ago

Rudy Giuliani Should Be Forced To Sell Florida Condo To Pay Off Debts, Creditors Say

23 hours ago

Trump’s Hush Money Trial Delayed 30 Days, Judge Rules

23 hours ago

What We Know About ‘Among Us’ Animated Series As Cast Announced

23 hours ago

A Building-Size Asteroid Flies By Earth Tonight: What To Know

+1 day ago

Trump Prosecutor Nathan Wade Resigns From Georgia Case

+1 day ago

Prosecutors Seek Up To 50-Year Prison Sentence For Sam Bankman-Fried

+1 day ago

Women’s Soccer Surge: NWSL Ticket Prices Soar As Team Prices Hit 9 Figures

+1 day ago

Here’s What To Know About The Gang Crisis In Haiti—As U.S. Preps For Potential Influx Of Refugees

+1 day ago

Rams’ Star Aaron Donald Retires At Age 32

+1 day ago

Hillcrest—Famous Golf Club Attended By Ex-Presidents And Hollywood Elite—Sued For Racial Discrimination

+1 day ago

Billionaire Sternlicht’s Nantucket Estate Becomes Latest Lost To Erosion

+1 day ago

TikTok Ban: Here’s What Wall Street’s Saying—And The U.S. Firms At Risk Of Contagion

+1 day ago

At Least 20 Dead After Attack On Gaza Aid Convoy: What We Know

+1 day ago

At Least 3 Dead And More Than Three Dozen Injured In Major Midwest Tornadoes

+1 day ago

‘The House Republican Impeachment Probe Is Over’ White House Counsel Tells Mike Johnson

3 hours ago

Elon Musk’s SpaceX Developing Spy Satellite Network For The U.S., Report Says","scope":{"topStory":{"index":1,"title":"Elon Musk’s SpaceX Developing Spy Satellite Network For The U.S., Report Says","image":"https://specials-images.forbesimg.com/imageserve/65f5cf7089061ee29f26fa04/290x0.jpg?cropX1=0&cropX2=3705&cropY1=5&cropY2=2090","isHappeningNowArticle":true,"date":"3 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/03/16/elon-musks-spacex-developing-spy-satellite-network-for-the-us-report-says/"}},"id":"96eegednnj5k00"},{"textContent":"

3 hours ago

Three Killed In Philadelphia Suburb Shooting Spree, Police Say Gunman Is Barricaded In New Jersey Residence","scope":{"topStory":{"index":2,"title":"Three Killed In Philadelphia Suburb Shooting Spree, Police Say Gunman Is Barricaded In New Jersey Residence","image":"https://specials-images.forbesimg.com/imageserve/65f5ca913efe6c5fcb40ec6b/290x0.jpg?cropX1=0&cropX2=2163&cropY1=111&cropY2=1328","isHappeningNowArticle":true,"date":"3 hours ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/16/philadelphia-suburb-shooting-kills-3-gunman-at-large/"}},"id":"clh3gpf0ic2800"},{"textContent":"

3 hours ago

Israel-Hamas Cease-Fire Talks Will Resume As Netanyahu Approves Rafah Invasion","scope":{"topStory":{"index":3,"title":"Israel-Hamas Cease-Fire Talks Will Resume As Netanyahu Approves Rafah Invasion","image":"https://specials-images.forbesimg.com/imageserve/65f5c8a833daf0c476f4924c/290x0.jpg?cropX1=0&cropX2=1125&cropY1=57&cropY2=690","isHappeningNowArticle":true,"date":"3 hours ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/16/israel-hamas-cease-fire-talks-will-resume-as-netanyahu-approves-rafah-invasion/"}},"id":"aekf4mmdqkp400"},{"textContent":"

4 hours ago

Jemperli Cancer Drug: What To Know As GSK Says It Improves Survival For Uterine Cancer Patients","scope":{"topStory":{"index":4,"title":"Jemperli Cancer Drug: What To Know As GSK Says It Improves Survival For Uterine Cancer Patients","image":"https://specials-images.forbesimg.com/imageserve/65f5b8dd44e203b8a940742e/290x0.jpg?cropX1=830&cropX2=5304&cropY1=1019&cropY2=3536","isHappeningNowArticle":true,"date":"4 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/03/16/jemperli-cancer-drug-what-to-know-as-gsk-says-it-improves-survival-for-uterine-cancer-patients/"}},"id":"4kqejrha2kk000"},{"textContent":"

6 hours ago

Mega Millions Jackpot Hits $875 Million: Here’s What The Winner Would Take Home After Taxes","scope":{"topStory":{"index":5,"title":"Mega Millions Jackpot Hits $875 Million: Here’s What The Winner Would Take Home After Taxes","image":"https://specials-images.forbesimg.com/imageserve/64c515b7a965e9be25ade19b/290x0.jpg?cropX1=0&cropX2=2218&cropY1=26&cropY2=1275","isHappeningNowArticle":true,"date":"6 hours ago","uri":"https://www.forbes.com/sites/tylerroush/2024/03/16/mega-millions-jackpot-hits-875-million-heres-what-the-winner-would-take-home-after-taxes/"}},"id":"2l1ha245e7b800"},{"textContent":"

19 hours ago

Rudy Giuliani Should Be Forced To Sell Florida Condo To Pay Off Debts, Creditors Say","scope":{"topStory":{"index":6,"title":"Rudy Giuliani Should Be Forced To Sell Florida Condo To Pay Off Debts, Creditors Say","image":"https://specials-images.forbesimg.com/imageserve/65f4e28b81d7f30468834afc/290x0.jpg?cropX1=0&cropX2=3000&cropY1=20&cropY2=2019","isHappeningNowArticle":true,"date":"19 hours ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/03/15/rudy-giuliani-should-be-forced-to-sell-florida-condo-to-pay-off-debts-creditors-say/"}},"id":"2960211cfik000"},{"textContent":"

23 hours ago

Trump’s Hush Money Trial Delayed 30 Days, Judge Rules","scope":{"topStory":{"index":7,"title":"Trump’s Hush Money Trial Delayed 30 Days, Judge Rules","image":"https://specials-images.forbesimg.com/imageserve/65f3260a52e998ab766ae941/290x0.jpg?cropX1=0&cropX2=1634&cropY1=0&cropY2=919","isHappeningNowArticle":true,"date":"23 hours ago","uri":"https://www.forbes.com/sites/alisondurkee/2024/03/15/trumps-hush-money-trial-delayed-30-days-judge-rules/"}},"id":"a9jr13778oq800"},{"textContent":"

23 hours ago

Mike Pence Says He Can’t Endorse Trump In ‘Good Conscience’","scope":{"topStory":{"index":8,"title":"Mike Pence Says He Can’t Endorse Trump In ‘Good Conscience’","image":"https://specials-images.forbesimg.com/imageserve/65f4afb0b49e18f6a5d5ac10/290x0.jpg?cropX1=0&cropX2=2459&cropY1=0&cropY2=1638","isHappeningNowArticle":true,"date":"23 hours ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/03/15/mike-pence-says-he-cant-endorse-trump-in-good-conscience/"}},"id":"8r1iaddh116o00"},{"textContent":"

23 hours ago

What We Know About ‘Among Us’ Animated Series As Cast Announced","scope":{"topStory":{"index":9,"title":"What We Know About ‘Among Us’ Animated Series As Cast Announced","image":"https://specials-images.forbesimg.com/imageserve/65f4acb8d618c0de2456de50/290x0.jpg?cropX1=0&cropX2=2054&cropY1=106&cropY2=1260","isHappeningNowArticle":true,"date":"23 hours ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/15/what-we-know-about-among-us-animated-series-as-cast-announced/"}},"id":"dd6b1k62ad9800"},{"textContent":"

23 hours ago

A Building-Size Asteroid Flies By Earth Tonight: What To Know","scope":{"topStory":{"index":10,"title":"A Building-Size Asteroid Flies By Earth Tonight: What To Know","image":"https://specials-images.forbesimg.com/imageserve/65f4aab10f13d01314a5bf6d/290x0.jpg?cropX1=0&cropX2=2000&cropY1=255&cropY2=1380","isHappeningNowArticle":true,"date":"23 hours ago","uri":"https://www.forbes.com/sites/ariannajohnson/2024/03/15/a-building-size-asteroid-flies-by-earth-tonight-what-to-know/"}},"id":"9md2pjf31n9800"},{"textContent":"

+1 day ago

Trump Prosecutor Nathan Wade Resigns From Georgia Case","scope":{"topStory":{"index":11,"title":"Trump Prosecutor Nathan Wade Resigns From Georgia Case","image":"https://specials-images.forbesimg.com/imageserve/65f4a0ce23eca9a4ab8dc087/0x0.jpg","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/15/trump-prosecutor-nathan-wade-resigns-from-georgia-case/"}},"id":"efj73el8840g00"},{"textContent":"

+1 day ago

Prosecutors Seek Up To 50-Year Prison Sentence For Sam Bankman-Fried","scope":{"topStory":{"index":12,"title":"Prosecutors Seek Up To 50-Year Prison Sentence For Sam Bankman-Fried","image":"https://specials-images.forbesimg.com/imageserve/65f49f0b88a51e04cfdeefec/290x0.jpg?cropX1=0&cropX2=4908&cropY1=113&cropY2=2873","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/03/15/prosecutors-seek-up-to-50-year-prison-sentence-for-sam-bankman-fried/"}},"id":"25illicrb7co00"},{"textContent":"

+1 day ago

Women’s Soccer Surge: NWSL Ticket Prices Soar As Team Prices Hit 9 Figures","scope":{"topStory":{"index":13,"title":"Women’s Soccer Surge: NWSL Ticket Prices Soar As Team Prices Hit 9 Figures","image":"https://specials-images.forbesimg.com/imageserve/65f4932356b0fe1a7c86ae5b/290x0.jpg?cropX1=0&cropX2=2171&cropY1=0&cropY2=1221","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/03/15/womens-soccer-surge-nwsl-ticket-prices-soar-as-team-prices-hit-9-figures/"}},"id":"bkanplrf0g1k00"},{"textContent":"

+1 day ago

Here’s What To Know About The Gang Crisis In Haiti—As U.S. Preps For Potential Influx Of Refugees","scope":{"topStory":{"index":14,"title":"Here’s What To Know About The Gang Crisis In Haiti—As U.S. Preps For Potential Influx Of Refugees","image":"https://specials-images.forbesimg.com/imageserve/65f4883611d82108e7b3e3c5/0x0.jpg","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/15/heres-what-to-know-about-the-gang-crisis-in-haiti-as-us-preps-for-potential-influx-of-refugees/"}},"id":"4kmo1l9h3p0o00"},{"textContent":"

+1 day ago

Rams’ Star Aaron Donald Retires At Age 32","scope":{"topStory":{"index":15,"title":"Rams’ Star Aaron Donald Retires At Age 32","image":"https://specials-images.forbesimg.com/imageserve/65f4863c11d82108e7b3e3c1/290x0.jpg?cropX1=0&cropX2=2946&cropY1=0&cropY2=1964","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/antoniopequenoiv/2024/03/15/rams-star-aaron-donald-retires-at-age-32/"}},"id":"6r876e6m9d4800"},{"textContent":"

+1 day ago

Hillcrest—Famous Golf Club Attended By Ex-Presidents And Hollywood Elite—Sued For Racial Discrimination","scope":{"topStory":{"index":16,"title":"Hillcrest—Famous Golf Club Attended By Ex-Presidents And Hollywood Elite—Sued For Racial Discrimination","image":"https://specials-images.forbesimg.com/imageserve/65f477075cd4bfb36e44b8dc/290x0.jpg?cropX1=0&cropX2=4000&cropY1=206&cropY2=2458","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/maryroeloffs/2024/03/15/hillcrest-famous-golf-club-attended-by-ex-presidents-and-hollywood-elite-sued-for-racial-discrimination/"}},"id":"bcdj9jj3n8l800"},{"textContent":"

+1 day ago

Billionaire Sternlicht’s Nantucket Estate Becomes Latest Lost To Erosion","scope":{"topStory":{"index":17,"title":"Billionaire Sternlicht’s Nantucket Estate Becomes Latest Lost To Erosion","image":"https://specials-images.forbesimg.com/imageserve/65f472015daa161a8cd6ad06/290x0.jpg?cropX1=0&cropX2=1920&cropY1=0&cropY2=1280","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/brianbushard/2024/03/15/billionaire-sternlichts-nantucket-estate-becomes-latest-lost-to-erosion/"}},"id":"dehn3agm6cnc00"},{"textContent":"

+1 day ago

TikTok Ban: Here’s What Wall Street’s Saying—And The U.S. Firms At Risk Of Contagion","scope":{"topStory":{"index":18,"title":"TikTok Ban: Here’s What Wall Street’s Saying—And The U.S. Firms At Risk Of Contagion","image":"https://specials-images.forbesimg.com/imageserve/65f46c10d64aac0a331d4e5d/290x0.jpg?cropX1=0&cropX2=4999&cropY1=279&cropY2=3089","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/dereksaul/2024/03/15/tiktok-ban-heres-what-wall-streets-saying-and-the-us-firms-at-risk-of-contagion/"}},"id":"eapcgq847klo00"},{"textContent":"

+1 day ago

At Least 20 Dead After Attack On Gaza Aid Convoy: What We Know","scope":{"topStory":{"index":19,"title":"At Least 20 Dead After Attack On Gaza Aid Convoy: What We Know","image":"https://specials-images.forbesimg.com/imageserve/65f45f19231c75a8b07b7b65/290x0.jpg?cropX1=0&cropX2=1194&cropY1=59&cropY2=730","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/jamesfarrell/2024/03/15/at-least-20-dead-after-attack-on-gaza-aid-convoy-what-we-know/"}},"id":"9mb8meg45j8g00"},{"textContent":"

+1 day ago

At Least 3 Dead And More Than Three Dozen Injured In Major Midwest Tornadoes","scope":{"topStory":{"index":20,"title":"At Least 3 Dead And More Than Three Dozen Injured In Major Midwest Tornadoes","image":"https://specials-images.forbesimg.com/imageserve/65f45be2615a1c0c90790591/290x0.jpg?cropX1=0&cropX2=1587&cropY1=47&cropY2=940","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/brianbushard/2024/03/15/at-least-3-dead-and-more-than-three-dozen-injured-in-major-midwest-tornadoes/"}},"id":"f9dm7412iqbc00"},{"textContent":"

+1 day ago

‘The House Republican Impeachment Probe Is Over’ White House Counsel Tells Mike Johnson","scope":{"topStory":{"index":21,"title":"‘The House Republican Impeachment Probe Is Over’ White House Counsel Tells Mike Johnson","image":"https://specials-images.forbesimg.com/imageserve/65f45aace90775df69d16614/0x0.jpg","isHappeningNowArticle":true,"date":"+1 day ago","uri":"https://www.forbes.com/sites/saradorn/2024/03/15/the-house-republican-impeachment-probe-is-over-white-house-counsel-tells-mike-johnson/"}},"id":"3gioq7agd11c00"}],"breakpoints":[{"breakpoint":"@media all and (max-width: 767px)","config":{"enabled":false}},{"breakpoint":"@media all and (max-width: 768px)","config":{"inView":2,"slidesToScroll":1}},{"breakpoint":"@media all and (min-width: 1681px)","config":{"inView":6}}]};

Stock Market Breaks Winning Streak After Data Reveals ‘Worrying Deterioration’ In Economy (2024)

FAQs

Did US stocks tumble after hotter than expected inflation report? ›

U.S. stocks are sinking Wednesday following new inflation data that showed prices accelerated for a third consecutive month. The hotter-than-expected report further dashed hopes for Fed rate cuts this year amid fears that progress may be stalling in taming elevated price levels.

What were the three main reasons the stock market crashed? ›

There were many causes of the 1929 stock market crash, some of which included overinflated shares, growing bank loans, agricultural overproduction, panic selling, stocks purchased on margin, higher interest rates, and a negative media industry.

Is the stock market an accurate indicator of the economy? ›

The key point to remember is that the stock market is not the economy, but instead, a leading indicator of where investors think the economy will go.

How much money was lost on that horrible first day of the stock market crash? ›

On October 29, 1929, "Black Tuesday" hit Wall Street as investors traded some 16 million shares on the New York Stock Exchange in a single day. Around $14 billion of stock value was lost, wiping out thousands of investors.

What stocks outperform during inflation? ›

During inflationary periods, commodities (and the stocks of companies that deal with them) tend to outperform the overall stock market. This can include energy companies, precious metal miners, steelmakers, and other industries. You can also buy exchange-traded funds (ETFs) that track baskets of commodity stocks.

Do stock markets outperform inflation? ›

High inflation has historically correlated with lower returns on equities. Value stocks tends to perform better than growth stocks in high inflation periods, and growth stocks tend to perform better during low inflation.

Who got rich during the Great Depression? ›

Not everyone, however, lost money during the worst economic downturn in American history. Business titans such as William Boeing and Walter Chrysler actually grew their fortunes during the Great Depression.

Why did people lose money when the stock market crashed? ›

The stock market crash crippled the American economy because not only had individual investors put their money into stocks, so did businesses. When the stock market crashed, businesses lost their money. Consumers also lost their money because many banks had invested their money without their permission or knowledge.

Do you lose all your money if the stock market crashes? ›

When the stock market declines, the market value of your stock investment can decline as well. However, because you still own your shares (if you didn't sell them), that value can move back into positive territory when the market changes direction and heads back up. So, you may lose value, but that can be temporary.

Which indicator has highest accuracy in stock market? ›

The RSI is one of the most useful and popular indicators for intraday trading. This is a momentum indicator that measures the speed and change of price movements. Its score indicates overbought or oversold conditions which range from 0 to 100. The index increases as prices rise and vice versa.

What is the best indicator of the US economy? ›

1. GDP. The gross domestic product (GDP) of an economy provides the overall value of the goods and services that the economy produces and indicates whether it is growing or slowing.

What is the most accurate indicator of economic growth? ›

Gross Domestic Product (GDP), a widely used indicator, refers to the total gross value added by all resident producers in the economy. Growth in the economy is measured by the change in GDP at constant price.

What happened to most people's money when the stock market crashed? ›

Although only a small percentage of Americans had invested in the stock market, the crash affected everyone. Banks lost millions and, in response, foreclosed on business and personal loans, which in turn pressured customers to pay back their loans, whether or not they had the cash.

Did anyone get rich from the stock market crash of 1929? ›

Several individuals who bet against or “shorted” the market became rich or richer. Percy Rockefeller, William Danforth, and Joseph P. Kennedy made millions shorting stocks at this time. They saw opportunity in what most saw as misfortune.

What was the biggest stock loss in history? ›

The 1987 stock market crash, or Black Monday, is known for being the largest single-day percentage decline in U.S. stock market history. On Oct. 19, the Dow fell 22.6 percent, a shocking drop of 508 points. The crash was somewhat of an isolated incident and didn't have anywhere near the impact that the 1929 crash did.

Did the US market sink on unexpectedly high inflation? ›

US stocks stumbled on Wednesday after a key inflation report showed an unexpected uptick in consumer prices last month. The Dow Jones Industrial Average (^DJI) fell about 1.1%, or almost 425 points. The S&P 500 (^GSPC) dropped nearly 1%, and the tech-heavy Nasdaq Composite (^IXIC) lost almost 0.9%.

Has US inflation risen more than expected? ›

US consumer prices picked up again last month, vaulting to a 3.5% increase for the 12 months ended in March, according to the latest Consumer Price Index data released Wednesday by the Bureau of Labor Statistics. That's up considerably from February's 3.2% rate and marks the highest annual gain in the past six months.

Does inflation increase stock returns? ›

A look at equity performance in the past three decades does not show any reliable connection between periods of high (or low) inflation and US stock returns. Since 1993, one-year returns on US stocks have fluctuated widely. Stock returns can be strong, or weak, or in between when inflation is high.

Will the US experience stagflation? ›

The US economy is at risk of tilting towards stagflation, or a period marked by low growth and persistently high inflation, which would prompt investors to favor stocks over bonds, says JPMorgan. The firm notes that we could be headed towards a stagflationary redux of the environment in the 1970s.

Top Articles
Latest Posts
Article information

Author: Jeremiah Abshire

Last Updated:

Views: 6476

Rating: 4.3 / 5 (54 voted)

Reviews: 93% of readers found this page helpful

Author information

Name: Jeremiah Abshire

Birthday: 1993-09-14

Address: Apt. 425 92748 Jannie Centers, Port Nikitaville, VT 82110

Phone: +8096210939894

Job: Lead Healthcare Manager

Hobby: Watching movies, Watching movies, Knapping, LARPing, Coffee roasting, Lacemaking, Gaming

Introduction: My name is Jeremiah Abshire, I am a outstanding, kind, clever, hilarious, curious, hilarious, outstanding person who loves writing and wants to share my knowledge and understanding with you.