The main index of the New York Stock Exchange, the S&P 500, continued its negative trend from last week. During Tuesday’s trading, it again weakened quite sharply, later erasing some of the losses. Still, it ended Tuesday’s session in the red.
Weakest level in two years
The S&P 500 index of the New York Stock Exchange wrote off 0.21 percent during Tuesday’s trading. At just under 3,650 points, it is at its weakest level in almost two years. The last time a major Wall Street index was this low was in mid-November 2020.
Aggressive Fed policy affects investors
Investors are increasingly worried about the continuation of the aggressive policy of the Fed, which has repeatedly declared a sharp increase in its key interest rate. This implies a rise in the yields of less risky assets and also the US economy heading into recession. Both, however, mean that stocks are not on a bed of roses at the moment, and so it is likely that bearish sentiment has returned to the markets again for some time.
The stock has been in decline since the beginning of this year. Some recovery came during the holiday weeks, but in mid-August the tide turned and the stock continued to fall again.
