Two years ago, on March 16, 2020, stock markets suffered a one-day 12% drop. From Feb. 19 to March 23 of that year, when the S&P 500 Index finally hit bottom, it lost about 34% of its value.
China Makes Strong Vow to Ease Crackdowns After Market Turmoil
China made a strong push to stabilize battered financial markets, promising to ease a regulatory crackdown, support property and technology companies and stimulate the economy.
Remember the stock market before the war in Ukraine? JP Morgan says negativity is overblown, offers 4 hedges
“Markets appear to have been trafficking in an odd mix of hope, fear and uncertainty.” That was Mizuho Bank, summing up the state of play for markets since Russia’s invasion of Ukraine nearly three weeks ago. For Tuesday, China’s COVID-19 worries and tensions with the U.S. are adding to the mix, with equities wobbling, and oil dropping hard.