closed out, their worst first half in more than 50 years. so for investors, is it time to brace for more losses? well, good morning. well, that is the big question, and at first, u.s. futures are concerned, it looks like the losses will continue in the first day of trade in the second half of the year. to take stock of what the last six months have looked like, the dow jones down 15% in h 1 and the s&p 500 which you mentioned in the tease moments ago, the worst start to the year since 1970, down 20.6%. the tech heavy nasdaq dropped nearly 30% in the first half of the year. in the latest quarter, it was the worst quarter since 2008. and now, interestingly, deutsche bank s jim reed this morning came out with a comment that typically, historically, when you have bad h 1s, for equities, they tend to be followed by much better h 2s, suggesting that the next six months could look a lot
monday. we are told 566 migrants died at the border in 2021, but cbp has yet to officially report those numbers. the last number the agency posted was 247 migrants dead in the year 2020. on wall street the s&p 500 plunges 20.6% during the first half of this year. that marks its worst start to a year since 1970. the dramatic slide comes as inflation is at a 40-year high and investors are panicked over fear of the recession. on thursday president biden falsely claiming u.s. inflation is lower than any other developed nation, but the u.s. rate of 8.3% is among the highest. major retailers are considering a new return policy that will let you keep unwanted items and still get your money back. wow. popular big box retailers like target and walmart are reportedly floating the idea due to excessive inventory because of a supply chain crisis.
first half year in 50 years. when the markets open today investors were looking at a tough picture. since the beginning of 2022 the dow had lost over 15%. s&p 500 down 20.6% and nasdaq down nearly 30%. the energy sector being the best performing so far. investors flee. chevron up 23.4%. disney, the biggest loser down 39.1% with consumer discretionary spending during the were showing. people may not need to take a vacation but they do need to fuel their car. tiny bit of optimism as we head into the holiday weekend. one of the biggest winners was mcdonald s, up 252.96 points. 2.46% jump. analysts tell me investor confidence is high ahead of expected big spending as families take road trips this independence day weekend. it s important to note that even with its array of optimism, the s&p 500 and nasdaq are in bear markets and it s because fears of a recession are gripping
shelves. reporter: i m rahel solomon in new york. as home prices continue to surge, prices rose 20.6% in march, compared to a year ago. that s according to case schiller, the highest yearly jump in the 35 years of collecting data. the biggest increases seen in cities like tampa, phoenix and miami. treasury secretary janet yellen with an admission on inflation right here on cnn. listen to this. i think i was wrong then about the path that inflation would take. as i mentioned, there have been unanticipated and large shocks to the economy that have boosted energy and food prices and supply bottlenecks that have affected our economy badly that i at the time didn t fully understand. joining us now, anchor of cnn newsroom and master of law poppy
could complicate the sales pitch. fresh reports on consumer confidence and home prices. matt eagan has the latest on the data points. matt, tell us more. john, the high cost of living continues to past a shadow over the economy. new numbers out today show consumer confidence fell in may. didn t fall as much as feared but it still is well below precovid levels and one in four consumers expect economic conditions to get worse. this is about three things. gas, food, and housing. for many families, these are the three most expensive items of their monthly budget, and all three continue to get more expensive. on the housing front, new numbers out today show that home prices in the united states rose by a record 20.6 % year over year in march. that means home prices are rising faster than they did even during the mid 2000 housing bubble, supply of homes just cannot keep up with demand. important to remember that this kind of cuts unevenly. if you own a home, you re