Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Palestinian platforms: Settlers storm Al-Aqsa Mosque complex under the protection of the occupation police
Palestinian platforms: The IOF detonated a booby-trapped robot east of the al-Zaytoun neighborhood, south of Gaza City
Syrian Defense: We call on all parties in Sweida to cooperate with security forces and exercise restraint
Al Mayadeen's correspondent: The Lebanese Army is continuing its investigations and will later announce any information that does not affect the confidentiality of the investigation
Al Mayadeen's correspondent: It has not yet been determined whether the detainees belong to ISIS or another organization
Al Mayadeen's correspondent: Around 10 people of different nationalities, including Lebanese nationals, were detained
Al Mayadeen's correspondent: The Lebanese army arrested a number of people in the Matn area of Mount Lebanon with possession it has not disclosed
Gaza Civil Defense spokesman: We have strong indications that there are martyrs, injuries, and trapped people in the Salah al-Din area
Gaza Civil Defense spokesman: Citizens should avoid Salah al-Din Street because anyone who approaches it is at risk of being directly targeted
Gaza Civil Defense spokesman: Reality is that there is a very limited retreat of the vehicles, with the occupation forces providing cover undeer fire up to Salah al-Din Street

US stocks in multi-week loss

  • By Al Mayadeen Net
  • Source: Agencies
  • 22 Jan 2022 13:19
2 Min Read

Stocks in the United States have been on track to have their worst month since the 2008 financial crisis.

  • x
  • US stocks in multi-week Loss, nasdaq down most since financial crisis
    Nasdaq down most since the financial crisis

US stocks were on track for their worst month since the 2008 financial crisis, as Wall Street suffered a multi-week loss due to concerns about a string of interest rate hikes to combat inflation.

The Nasdaq, the darling of investors after the coronavirus outbreak confined Americans to their homes and forced them to rely on video streaming and gadgets for work, is down 11% in January. That is more than the 10% loss it suffered when the COVID-19 pandemic began in March 2020, and it is the most since the financial crisis began in October 2008.

The S&P 500 index, which represents the top 500 US stocks, is down 8% in January, compared to its previous highest monthly loss of nearly 13% in March 2020.

Related News

DeepSeek disrupts global tech markets, challenges US AI dominance

Wall Street stocks opens lower, Nasdaq dips on Nvidia earnings fear

The Dow Jones Industrial Average, which represents stocks across the United States, is down 6% in January, the most since a 14% drop in March 2020.

"Wall Street has gone from debating how aggressive one should rotate out of tech into cyclicals, to sell it all," Ed Moya, an analyst at online trading platform OANDA, said. "Investors have two big worries: it seems everyday traders are reminded inflationary pressures are not going away anytime soon and could prompt the Fed into becoming overly aggressive in tightening monetary policy."

According to Moya, another investor concern is that profit growth expectations may have been overly optimistic and underpriced in light of rising labor costs. Geopolitical risks, he adds, are also adding to the selling pressure.

After the COVID-19 crisis erupted, the Federal Reserve slashed US interest rates to nearly zero and has kept them there ever since to aid recovery.

As a result of the government's trillions of dollars in relief spending, higher wage payouts by companies, and supply chain disruptions caused by the pandemic, the US Consumer Price Index increased by 7% in the year to December, the fastest rate since 1982. To combat such inflation, the Federal Reserve may have to implement a series of interest rate hikes.

  • US stocks
  • Nasdaq
  • COVID-19

Most Read

Hezbollah SG reveals war details on Al Mayadeen for the first time

Hezbollah SG reveals war details on Al Mayadeen for the first time

  • Politics
  • 8 Jul 2025
Major ambush in Gaza kills 6 Israeli troops, injures dozens

Major ambush in Gaza kills 5 Israeli troops, injures 14

  • Politics
  • 8 Jul 2025
Israeli soldiers are seen in Beit Hanoun ahead of an operation by the al-Qassam Brigades, undated (Al-Qassam Brigades Military Media)

'Israel' on blast as media exposes report discrepancies in Gaza ambush

  • Palestine
  • 8 Jul 2025
Yemen Navy sinks ETERNITY C ship, shares footage of operation

Yemen Navy sinks ETERNITY C ship, shares footage of operation

  • Politics
  • 9 Jul 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
The Freedom Flotilla ship Handala as it departs for Gaza, where it aims to break the maritime blockade at a port in Syracuse, Sicily in southern Italy on July 13, 2025. (AFP)
Palestine

Freedom Flotilla's Handala departs Sicily in bid to break Gaza siege

The container ship CMA CGM Laperouse, left, docks at the Georgia Ports Authority's Port of Savannah, Sept. 29, 2021, in Savannah, Ga (AP)
Politics

US shipbuilding woes deepen as tariffs, outdated policies backfire

Gaza war raises ethical questions for ex-Obama, Biden officials
Politics

Mercenary firm tied to Gaza war crimes hires Obama-Biden PR operatives

'Israel' targets children in Gaza collecting water
Palestine

'Israel' strikes Gaza kids fetching water, blames it on 'malfunction'

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS