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- Pedestrians walk by the New York Stock Exchange, Wednesday, May 18, 2022 in New York. Stocks closed sharply lower on Wall Street Wednesday as dismal results from Target renewed fears that inflation is battering U.S. companies. The S&P 500, the benchmark for many index funds, fell 4%. Target lost a quarter of its value, dragging other retailers down with it, after saying its profit fell by half in the latest quarter as costs for freight and transportation spiked. That comes a day after Walmart cited inflation for its own weak results. (AP Photo/Peter Morgan)
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US stocks got close to a bear market. Here’s what that means
By STAN CHOE AND ALEX VEIGA - AP Business Writers
Wed,05/18/22-5:11PM , 290 Reads
NEW YORK (AP) — The bear came close to Wall Street but then backed off.

The stock market’s slump this year briefly pulled the S&P 500 into what's known as a bear market Friday, before a late rally put the index in the green. The prevailing sentiment among investors remains negative, however, so the relief may be temporary.
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- Pedestrians pass the New York Stock Exchange, Thursday, May 5, 2022, in the Manhattan borough of New York. Stocks are opening lower and bond yields are rising as yet another report of robust hiring suggests the Federal Reserve will need to keep pressing the fight against inflation and cool off the economy with higher interest rates. (AP Photo/John Minchillo)
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Stocks end rocky week with their 5th straight weekly decline
By STAN CHOE AND ALEX VEIGA - AP Business Writers
Fri,05/06/22-12:54AM , 497 Reads
NEW YORK (AP) — A turbulent week on Wall Street ended Friday with more losses and the stock market's fifth straight weekly decline.
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- The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are opening lower on Wall Street, Friday, April 22, 2022, capping a bumpy week as the Federal Reserve promises to be more aggressive about fighting inflation. (AP Photo/John Minchillo, File)
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Stocks stumble 2.8% as worries about interest rates worsen
By STAN CHOE AND ALEX VEIGA - AP Business Writers
Fri,04/22/22-1:53AM , 370 Reads
NEW YORK (AP) — Stocks tumbled on Wall Street Friday, leaving the S&P 500 with its biggest one-day loss in almost seven weeks, as worries deepen about a surge in interest rates and the U.S. central bank’s efforts to fight inflation.
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- The New York Stock Exchange operates during normal business hours in the Financial District, Wednesday, Oct. 13, 2021, in the Manhattan borough of New York. Stocks are holding steady on Wall Street Friday, April 1, 2022, and Treasury yields are jumping after a healthy report on the U.S. job market strengthened expectations for coming interest-rate hikes. (AP Photo/John Minchillo, File)
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Stocks edge higher, Treasury yields soar after jobs data
By STAN CHOE AND ALEX VEIGA - AP Business Writers
Fri,04/01/22-1:32AM , 231 Reads
NEW YORK (AP) — Stocks notched modest gains and Treasury yields soared Friday on Wall Street after a healthy report on the U.S. job market strengthened expectations for coming interest rate hikes.
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