get gas, like, everything s just more expensive. neil: americans speaking out and freaking out over prices still rising as their 401(k)s keep plummeting and now a new report warning that inflation may be staying and may be much longer than expected. a new fox poll that shows more voters are blaming the guy in the white house. before you run for cover, just know we ve got you covered with lucas tomlinson at the white house as president biden says it s not inevitable we ll have a recession. susan li on the markets indicating we already might be in one. first to susan li, taking stock of stocks just, well, taking a hit and a big hit at that. horrible week. yeah. well, you saw it, neil, the worst week for the stork market in two years stock market and that s after a historic rate hike by the federal reserve, the single sharpest move in 28 years by the central bank, and they re trying to move quickly. as a result, money fast in the markets, the dow jones falling below 30,000
safe. if you look at the dow, it had its worse day in quite some time. 3.6% or more than 1,100 points. the nasdaq down almost five. yeah, we have entered a new face of this sell-off as run-away inflation erodes living standards and profits. take a look at target. it lost a quarter of its value today. the worst day for them since black monday, 1987. quarterly profits fell 50%. yesterday walmart said their profits fell 25%. inflation becomes unmanageable. the lower income consumer feels it the most. look here. dollar general, dollar tree. those stocks tanked today. 14% for dollar tree. ceos are noting a shift in how we shop from buying big things like electronics to appliances to food and essential. goldman sachs says they re seeing customers tap into credit to get by. dave powell says the federal reserve must bring down inflation. they re going to act aggressively raising rates to do so. that warning hit the growth stocks today. apple, the country s biggest company is down 22%
Indian stock markets will remain shut on Monday for Lok Sabha polls aninews.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from aninews.in Daily Mail and Mail on Sunday newspapers.
Analysts now believe the uptrend in the Indian stock benchmarks is expected to continue through this upcoming week starting Tuesday. On Monday, stock markets will remain closed on account of General Elections.