the technological Nasdaq For its part, it limited its losses to 0.3% to finish at 11,354.62 points, after losing almost 3% during the session.
In turn, the S&P 500 it closed stable (+0.01%) at 3,901.36 points. During the day, It lost more than 20% with respect to its maximum at the beginning of 2022thus reaching the “bear market” zone.
“A bear market for the S&P generally means slower growth for the economy, even a recession next year, as some have suggested,” warned LBBW’s Karl Haeling.
The New York indices score like this its seventh consecutive week of losses for the Nasdaq and the S&Pfor the first time since 2001, when the internet bubble burst.
In the case of the Dow Jones, it is its eighth consecutive week down, a black series without precedent since 1923.
According to the operators, “shaken for weeks by inflation in the United States and in the world.” “Lackluster results from US retail groups were at the center of the week’s downward spiral,” they added.