The week 14.03.-18.03.2022
Despite geopolitical uncertainties, the Fed signalled that it intends to continue raising interest rates to combat inflation, which hit a 40-year high last month.
Despite geopolitical uncertainties, the Fed signalled that it intends to continue raising interest rates to combat inflation, which hit a 40-year high last month.
Stocks fell at the end of a tumultuous week, as investors weighed the latest developments in Ukraine's crisis.
Volatility soared after Russia launched a full-fledged invasion of Ukraine, prompting Western countries to retaliate with sanctions.
Early in 2022, volatility appears to be a major trend, especially after Thursday's highly anticipated inflation number.
Three key trends dominated the market last week:
A rather positive overall result of the major U.S. stock indexes concealed an extremely tumultuous week, one that stoked greater fear following market falls in the preceding three weeks.
Over the holiday-shortened week, rising interest rate jitters and economic concerns led the S& P 500 Index to its largest drop in more than 14 months.
Last week, the financial markets' rough journey in the early days of 2022 continued, with inflation remaining the centre of attention.
The downward trend from the previous week continued Monday, with the S&P 500 Index posting its first three-day losing streak since May.
Stocks closed the week in the red as the potential of central bank tightening and concerns about the impact of the Omicron variant triggered significant volatility.