Worst first half in 52 years

Stocks slide with Wall Street closing out its worst first half since 1970



The stock market closed out its worst six-month stretch to start a year since 1970, as inflation-driven upheaval has spread across nearly every part of the economy.

The S&P 500 index edged 0.9 percent lower Thursday to bring its 2022 losses to 20.6 percent. The tech-heavy Nasdaq, which fell 1.3 percent, has tumbled nearly 30 percent this year, while the Dow Jones industrial average’s 0.8 percent drop put its year-to-date decline near 15 percent.

Even the mighty tech giants, which enriched investors during the early phase of the pandemic with soaring share prices, have been brought low, performing worse than the market. Apple, Microsoft and Alphabet have shed close to a quarter of their values this year, while Amazon has lost more than 37 percent. Meta has tumbled by more than half.

https://www.washingtonpost.com/business/2022/06/30/stock-market-today-recession-inflation/

Gotta blame the Dems for this disaster.