It was a tremendous week of market volatility for Wall Street as each of the major indices fell more than 2.0% this week with the market remaining pressured by growth concerns, heightened volatility, and downwards momentum. The Nasdaq Composite lost 2.8%, the Russell 2000 lost 2.6%, the S&P 500 lost 2.4%, and Dow Jones Industrial Average lost 2.1%.
Friday’s end of week bounce in equity markets came amid hopes markets are near the bottom, but trouble may not be over yet with investors looking for further clues on the course of Fed monetary policy and monitoring earnings result from big retailers. Crypto investors will also be monitoring the fallout after a massive price collapse.
Here’s what you need to know to start your week.
1. Retail earnings
Investors will be looking to a spate of retail earnings reports during the week for indications of just how much the cost of living squeeze could be eroding the spending power of consumers....