The S&P 500, one of the broadest stock market indexes, entered a bear market during Friday's trading. That means it had fallen a stunning 20% from a recent high in January.
Bond and stock markets have tumbled this year as inflation continues to surge. The Federal Reserve has already indicated it will need to raise interest rates. The question is: Will that be enough?
Friday on Political Rewind: Just days after a visit to Georgia where he demanded the U.S. Senate pass voting rights legislation, President Joe Biden admits the prospects for action are now dim. Is there a future for federal election reform law? Meanwhile, in his State of the State speech, Gov. Brian Kemp showcased his plans for doling out billions of dollars of state surplus money for income tax refunds, teacher and state employee pay raises, and more.
Tuesday on Political Rewind: Voting rights advocates remain concerned Republican legislators are angling to use Georgia’s new voting law to take over operation of Fulton County elections. However, critics of past chaos in the county’s elections say change is needed. Meanwhile, as cases of COVID-19 propelled by the dangerous delta variant spread in the state, Savannah Mayor Van Johnson has once again issued a mask mandate for the city.
When President Trump comes to Rome on Sunday for one last Georgia rally before Election Day, it will be another example of his partisans’ right to peaceably assemble and let their voices be heard.
It could also be a COVID-19 super spreading event.
The market is hitting records, in large part because of a handful of superstar tech stocks. Apple, Amazon, Microsoft, Facebook, Netflix and Google's parent dominate indexes in retirement funds.
After plummeting 34% from its prior peak, the stock index has staged a steady recovery — gaining more than 50% since March, when lockdowns shut down much of the economy.
If the electric carmaker enters the S&P 500 index, as is widely expected, Wall Street's most controversial stock would start appearing in even the most mainstream investment accounts.
