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U.S. stocks record their worst first half in more than 50 years

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4 years ago

July 1, 2022

U.S. stocks are continuing to tumble, recording their worst first half in more than 50 years

This has all been triggered by the Federal Reserve’s attempt to halt soaring inflation and fears over global growth.

The S&P slid by a further 0.9 per cent on Thursday, taking it down by 20.6 per cent in the first six months of this year.

The last time Wall Street equities saw such a disastrous start to the year was back in 19-70 in response to the recession.

The pullback from U.S. stocks has wiped more than $9 trillion in market value since the end of 2021.

The tech-heavy Nasdaq is also in free fall, sliding 1.3 per cent on Thursday to an almost 30 per cent loss over the last six months.

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William Howard

William is an Executive News Producer at TICKER NEWS, responsible for the production and direction of news bulletins. William is also the presenter of the hourly Weather + Climate segment. With qualifications in Journalism and Law (LLB), William previously worked at the Australian Broadcasting Corporation (ABC) before moving to TICKER NEWS. He was also an intern at the Seven Network's 'Sunrise'. A creative-minded individual, William has a passion for broadcast journalism and reporting on global politics and international affairs.